SALISBURY, MD, DECEMBER 2020- Matthew Trader of Rinnier Development Company recently closed on the sale of the North Bay Shopping Center located on 127th street in Ocean City, MD for $3.825 million. This was an off-market deal that Trader negotiated and closed from start to finish in approximately three (3) weeks. The center was purchased by a local investor. The North Bay Shopping Center was built in 1985 and is home to local and national tenants that have helped make it a staple of North Ocean City for nearly 3 decades. Out of respect to the buyer and seller, that is all of the details that can be provided at this time. The rest shall remain confidential. For Trader, this transaction becomes part of an impressive resume of Shopping Centers and Net Lease deals that he has closed both recently and during his career. Trader comments, “At Rinnier Development Company, we don’t just focus on what’s on the market. We are constantly looking at everything and talking to everybody. If our clients can’t find what they are looking for, we will use all of our energy and resources to find them an asset that fits their needs. We have a 24/7/365 mindset when it comes to Commercial Real Estate Brokerage. It’s at the core of everything we do. I believe that is what leads us to deals like this. Speaking of which, I appreciate the opportunity I was given to bring this deal to fruition. I believe both parties accomplished their goals and more importantly achieved great value. I believe the asset traded in this deal is an exceptional product that will provide great dividends for years to come”. Matthew Trader specializes in the sale, leasing and marketing of commercial properties. To contact Matthew, please call 443-614-4297, or email mtrader@rinnier.com. |
