KLNB, the region’s leading multi-service commercial real estate brokerage firm announced the sale of a PetSmart located at 105 North East Pointe Drive in Salisbury, Maryland. The property sold in December 2020 for $3,550,000. David Weber, Senior VP and Ken Tamres, VP of KLNB’s Investment Sales team along with leasing agent Ryan Minnehan, Principal at KLNB, represented the buyer in the purchase.
Ken Tamres elaborated on the importance of utilizing teamwork to ensure the best results for the client. “The full-service collaboration between KLNB’s leasing and sales divisions enabled our team to fully execute on a strategy to locate an off market deal for the client’s specific requirement in a condensed time frame in order to satisfy a trade requirement.”
The property itself has a 20-year operating history at this location and recently extended their lease until 2030. The building is just under19,000 square feet on a3/4 acre parcel well located as a pad site at the main entrance to the dominant center in the market, The Commons, which is anchored by the Home Depot, Target, and Best Buy. The property fronts East North Pointe Road just off the intersection of North Salisbury Boulevard and just north of the Route 13 and Route 50 interchange. The surrounding area is the prime retail corridor for Salisbury with over 1.2 million square feet of retail and home to numerous prominent national retailers, such as Walmart, Lowe’s, Sam’s Club, Kohls, Old Navy, Hobby Lobby, Marshalls, Ross, Aldi, Ulta, McDonald’s, Chick-Fil-A, Chipotle, Wendy’s, Burger King, and Starbucks.
For more information regarding KLNB’s leasing and sales services visit: https://klnb.com/services/overview/
About KLNB
KLNB is a leading provider of commercial real estate services throughout the mid-Atlantic region. An independently owned and operated commercial brokerage and real estate services firm, KLNB provides a variety of services including tenant and landlord representation, leasing, consulting, investment sales, property management, research, marketing, branding and financing services. More than 85 full-time brokerage professionals work across KLNB’s four offices strategically located throughout the Washington, D.C. / Baltimore region. KLNB is affiliated with NAI Global – the single largest, most powerful global network of owner-operated commercial real estate brokerage firms in the world. http://klnb.com.
