Vantage Commercial Represents Marine Maintenance and Construction Building Sale
Vantage Commercial announces the completion of the sale of an existing industrial building located at 910 North Delsea Drive in Clayton, New Jersey. The brokerage assisted the seller, Marine Maintenance and Construction, in the sale of its building and the successful relocation of the company.
Marine Maintenance and Construction sold the property during a peak time in the industrial market to take advantage of the high valuation of this property type and class. The property comprised a 4,500 square foot office and warehouse on 5 acres of land on Delsea Drive in Clayton, NJ. Delsea Drive is a significant regional corridor in Southern, New Jersey, providing easy access to Route 55 and Route 322. The property offered the new buyer a pre-existing use as an industrial property with storage yard for a similar business.
The brokerage team consisting of Corinne Giletto, Director of Client Services, and John Doss, Sales Associate, expertly advised the seller in negotiating the sale and relocating its business. The market yielded a high return on investment for the seller and offered an expansion opportunity for the buyer.
Giletto stated, “We had to leverage our local connections to find a suitable property for the company to relocate, which proved to be a challenging yet successful process in today’s industrial market with exterior storage capabilities”.