Sold! - Salisbury, MD - $4,000,000
31901 Comtek Lane, Salisbury, MD
Details
Wesley Cox, CCIM of Sperry Van Ness - Miller Commercial Real Estate in cooperation with Peter Rosan and Scott Manhoff of Grubb & Ellis sold the former Powerwave facility also known as the former Philtronic Comtek property. The buyer was The Tri-County Council of the Eastern Shore. This sale was the culmination of a several year project on behalf of the Tri-County Council in search of a facility to help consolidate their operations and services they offer.
Constructed in 1996, this well designed facility is situated directly on U.S. Rt. 50 across from Wor-Wic community college. The building contains over 74,000 SF and is situated on 27.59 acres. There is a 20,000 SF two-story office component and a 54,000 SF single story fully conditioned manufacturing component. The building also features a 165 seat cafeteria and a two-story atrium in the lobby entrance.
18 comments:
Who funds them?
so basically we all just bought that building?
Is this just another property that will be taken off the tax rolls?
Thats what I just read. I thought the counties were broke. They are a tax-exempt enity bet they dont pay property tax.
Lets spend 4 million on this building and let a kid get struck by a car. You people have your priorities all messed up.
Can someone elaborate a little on what the Tri County Council is and what they actually do? thanks.
Less than great if that's the case. Not only have we lost manufacturing jobs and that tax revenue, we will lose the property taxes too. Terrible.
Go to the website and look at all the familiar names that must of voted for this.
Where does the Tri County get its funding?
Here's the link.
http://www.lowershore.org/
Here's the description:
The Tri-County Council for the Lower Eastern Shore of Maryland was formed by an Act of the Maryland General Assembly in 2001. The purpose of the Council is to facilitate regional planning and development in Somerset, Wicomico and Worcester counties. As stated in the legislation, the Council is a tax-exempt public body corporate and politic and is an independent unit.
2:25 thanks for the explanation. One does wonder, however, just where do they get their money/funding from. The General Assembly? the County Council? I'm pretty sure WE are paying for it in one form or another.
again i thought the city and county was broke...i guess santa just arrived again...how convenient.....again i say vote emmm out....we need to get these jack holes in the unemployment line...
AS A BONUS, THE TRI-COUNTY COUNCIL WILL ABANDON THE PROPERTIES IT CURRENTLY RENTS, LEAVING MORE EMPTY COMMERCIAL SPACE, WHAT A JOKE...
I sure the employees of the same three counties will be thrilled to hear that the counties have no money and they have to take furlough days - but they DO have 4 million dollars to purchase a building. How stupid!
Bigger Government, more state owned buildings Comrades.
The Tri-County Council along with all of the other partners and social service organizations located at the One Stop Job Market have no choice but to move as the owners of the property plan to develop it.
Organizations such as Department of Social Services, Tri-County Council, Lower Shore Workforce Alliance, Telamon, Department of Labor, Fostering Our Children Until Success, Maryland Workforce Exchange, Shore Transit, Department of Rehabilitative Services etc... along with new organizations will have a more cohesive and collective ability to help those in need.
Among other public benefits, by consolidating locations this will help lower the cost of several rented public/state buildings as well as reduce utility costs for said organization.
Before you bash this long anticipated move you better say one heck of a prayer that you never need any type of public assistance and I certainly don't just mean welfare.
Were in a depression, stop spending money.
Maryland Unemployment Trends - September 2009
Maryland Unemployment Trends Visualized as a Heat Map:
Maryland Unemployment in September 2009 (BLS data)
http://www.localetrends.com/st/md_maryland_unemployment.php?MAP_TYPE=curr_ue
versus Maryland Unemployment Levels 1 year ago
http://www.localetrends.com/st/md_maryland_unemployment.php?MAP_TYPE=m12_ue
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