Unit 200, Wells Cove Office Condominium

This office condominium is part of the Wells Cove marina and hotel complex located in the southeast quadrant of the Kent Narrows.We are especially pleased to offer for sale this 100% leased water view office condominium (18% of the total building) located in the heart of the Kent Narrows. The lease is for five years and started on November 1, 2021. There is one tw-year option period. Tenant quality is very good-excellent. Rental increase over the five year term is 27.6%! Wells Cove is a marina, hotel, residential, retail and office complex that exudes the best of Eastern Shore living. Surrounded by some of the best seafood restaurants on the Bay, and cool waterfront bars, this is the office your employees dream about. A highlight is that Exit 42 on US Route 50, within 1/8th mile of the property, with average daily traffic counts of 73,642, provides direct east and westbound access.SVN-Miller is especially pleased to offer for lease or sale this waterview office condominium located in the heart of the Kent Narrows. Wells Cove is a marina, hotel, residential, retail and office complex that exudes the best of Eastern Shore living. Surrounded by some of the best seafood restaurants on the Bay, and cool waterfront bars, this is the office your employees dream about. A highlight is that Exit 42 on US Route 50, within 1/8 mile of the property, provide direct east and westbound access.