Davis sells $7.6M investment portfolio

Principal Chris Davis recently represented a local investor in its purchase of a $7.6 million-dollar investment portfolio, including 410 Purdy St. in Easton.

EASTON — Principal Chris Davis recently represented a local investor in its purchase of a $7.6 million-dollar investment portfolio.

The Maryland and Delaware properties were a part of NAI Coastal’s confidential listing database and fulfilled the purchaser’s 1031 Tax Deferred Exchange needs.

Cool Branch Associates, an LLC operated by investor Brian E. McKinley, bought 401 Purdy St. in Easton, 105 Park Ave. in Seaford, Del., and 1336 Belmont Ave. and 2257 Northwood Drive, both in Salisbury.

“I’ve worked with Chris and the NAI Coastal team in the past and had full confidence in their ability to advise me through my tax deferred exchange,” McKinley said. “Their access to the shore’s top investment opportunities, both on and off market, proved to be a huge resource. All of the properties purchased were sourced from their portfolio and proved to be quality, sound investments.”

Davis collaborated with Tom Knopp of SVN Miller Commercial Real Estate, who also represented the purchaser. For more information on this transaction, contact Davis or Tori Brown at 410-543-5115, chris@naicoastal.com or tori@naicoastal.com.

NAI Coastal is a full-service commercial brokerage headquartered at 108 Pine Bluff Road in Salisbury with a branch office in Easton. For more information, visit www.naicoastal.com or call 410-543-5115.

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