Chris Davis, principal of NAI Coastal, recently sold an off-market, fully leased, income-producing building within Georgetown Professional Center on Market Street in Georgetown.
The class A medical building included in the sale totaled approximately 9,500 square feet and is occupied by Specialized Education of Delaware, Phoenix Rehabilitation and Health Services, and Life Spring Recovery.
Georgetown Professional Center was developed by Gillis Gilkerson, the development partner of NAI Coastal. The seamless collaboration between the two locally owned companies allows for a smooth transition of ownership and streamlined transaction process. This off-market sale marks the second transaction where Davis has represented the buyer of a building within Georgetown Professional Center – to date, these two tenant-occupied buildings are the only structures making up the complex.
“Chris is extremely knowledgeable of the local commercial real estate market,” said buyer Brian McKinley. “His access to high-quality properties such as this made the transaction both simple and rewarding.”
The NAI Coastal team has an off-market portfolio with a total value exceeding $125 million. The company works with investors across the country and has similar opportunities available confidentially. For more information, go to www.naicoastal.com.