Henry Hanna, CCIM, SIOR and Wesley Cox, CCIM, both Senior Advisors with SVN | Miller Commercial Real Estate sold the former Fratelli’s Italian restaurant location across from Salisbury University. The property has been a long-standing restaurant location, previously the home to Mulligan’s Sports Bar & Grill prior to Fratelli’s. The owners of Fratelli’s hired the Hanna Team to represent them in leasing or selling their former location once they moved to their current location on Snow Hill Road. The Hanna Team successfully sold the property for $980,000.
Wesley commented about the sale, “Having been a patron at this restaurant location for nearly 20 years and as a Salisbury University alum it is very exciting to be part of the transformation along the south Salisbury corridor across from SU. It is even more rewarding to help the previous owners allowing them to now put 100% of their focus on their existing restaurant operations. The buyer is very happy with his purchase and I look forward to working with him to secure a new tenant for the location.”
SVN | Miller Commercial Real Estate, with offices in Salisbury, MD, Annapolis, MD, Bethesda, MD, Seaford, DE, and Wilmington, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in Maryland, Delaware, and Virginia. Our day-to-day goals are to consistently provide spectacular customer service, to be on the cutting edge of technology and innovative marketing, and to provide the vision needed to achieve our clients’ real estate investment goals.
SVN | Miller is an Accredited Management Organization® (AMO). Our team includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).