Leased Industrial Warehouse
101 Park Ave Seaford, DE 19973
101 Park Ave, Seaford, DE, 19973
Contact for pricing
For Sale
Contact for pricing
Pending
NNN-leased industrial warehouse with 42,660 sq. ft. and two tenants in Seaford Industrial Park.
Property Size42,660 SF
Days on Market414
Property Features for 101 Park Ave
General Information
- Standard status
- Pending
- Size
- 42,660 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1964
Listing agency
SVN | Miller Commercial Real Estate Salisbury
(410) 726-0966
Listed by
Flo Brotzman · License #MD
Source
Crexi
Added: Jun 3, 2025 Updated: Jul 20 at 7:15PM Checked: Jul 21 at 9:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Miller Commercial Real Estate Salisbury
Investment Insights
Based on property information with market context.
This NNN-leased industrial warehouse investment is offered for sale as a 42,660 sq. ft. facility located in the Seaford Industrial Park. The property is currently occupied by two strong tenants.
The L & L Company, in business since 1964, operates under a new 5-year lease and would like to take over the entire facility. The Mint Coin company is also currently in place and is willing to stay, or may relocate at a new owner’s choice.
The listing is presented as an NNN investment with the warehouse configured to support the current tenant operations, with the opportunity to consolidate occupancy should the current arrangements be extended or adjusted.
The L & L Company, in business since 1964, operates under a new 5-year lease and would like to take over the entire facility. The Mint Coin company is also currently in place and is willing to stay, or may relocate at a new owner’s choice.
The listing is presented as an NNN investment with the warehouse configured to support the current tenant operations, with the opportunity to consolidate occupancy should the current arrangements be extended or adjusted.
Key Highlights
- 42,660 sq. ft. industrial warehouse facility in Seaford Industrial Park (Seaford, DE)
- NNN leased investment with two tenants
- L & L Company has been in business since 1964 and is currently on a new 5‑year lease
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $358.3k | $8.40 |
| − Vacancy | −$25.1k | −$0.59 |
| EGI | $333.3k | $7.81 |
| − OpEx | −$50.0k | −$1.17 |
| NOI | $283.3k | $6.64 |
42,660 SF · lease $8.40/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.05M
$3.54M – $4.72M
NOI $283,271 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.72M
$10.26M – $13.68M
NOI $820,608 @ 7.0% cap · market cap 22.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The L&L Company Seaford ...
General Contractor
J & J Display
Production Facility
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FAQs
What type of property is this?
Warehouse - NNN-leased industrial warehouse with 42,660 sq. ft. and two tenants in Seaford Industrial Park.
Where is this warehouse located?
The property is located at 101 Park Ave Seaford, DE.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 42,660 sq. ft. industrial warehouse facility in Seaford Industrial Park (Seaford, DE); NNN leased investment with two tenants; L & L Company has been in business since 1964 and is currently on a new 5‑year lease
