Milton Complex

For Sale

200 - 204 Broadkill Road, Milton, DE 19968

This Milton property for sale is located at 200 - 204 Broadkill Road. The current listed sale price for Milton Complex is $6,000,000.

Contacts

broker

Meredith M. Mears

SVN | Miller Commercial Real Estate

(410) 543-2440

Property Details

  • Property Type Other
  • Property Size 19,712 SF
  • Date Updated Apr 4, 2024
200 - 204 Broadkill Road, situated directly on Broadkill Road, in the heart of Milton, DelawareLucrative investment opportunity available in the heart of Milton, Delaware. The Milton Complex, a well cared for dynamic income-producing property, is available for investors seeking a desirable return on their investment. A diverse group of assets is situated on two parcels, and has consistently generated substantial returns. Included in this offering is a 13,400 square foot self-storage facility boasting 97 units. Occupancy rates have ranged between 95% to 100% over time, ensuring steady cash flow while presenting increased income in the near future through economic occupancy returns. Additionally, the Town recently approved a new 3,000 home development, indicating the strength of the local economy. Complementing the self-storage facility is a bustling car wash. This amenity adds another layer of income stability to the property, enhancing its appeal to investors seeking diversified revenue streams. The Milton Complex also features a 6,312 square foot fully leased commercial office and restaurant building, fully leased and ready to bolster your investment portfolio. With a diverse tenant mix and a prime location, the complex offers investors long-term stability and growth potential. This remarkable opportunity offers investors a compelling 7% cap rate, underscoring the property's strong financial performance, excellent condition, and promising future. Whether you're a seasoned investor or an investor that is simply seeking to diversify your portfolio, the Milton Complex presents an unparalleled opportunity. Financials are available upon request with a signed NDA. *note - SF described is not inclusive of the Car Wash onsite.

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Highlights

  • Income producing property, offered at 7% cap rate
  • Property includes self-storage facility, bustling car wash and fully occupied commercial building
  • Economic occupancy opportunity for self-storage, with occupancy consistently hovering between 95-100%

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Location

  • City Milton, DE
  • Zip Code 19968

Contact Listing Broker

broker

Meredith M. Mears

SVN | Miller Commercial Real Estate

(410) 543-2440