2020 Northwood Dr - Warehouse FOR SALE


Salisbury, MD 21801
$1,990,000 USD
410-603-2826
2020 Northwood Dr, Salisbury, MD for Sale
$1,990,000 USD
Warehouse - FOR SALE
1/1
null | 6.03% Cap Rate

2020 Northwood Dr
Salisbury, MD 21801


OVERVIEW

Single tenant NNN Lease with strong credit tenant, Toroid. There are currently 10.8 years left on the initial lease term. Current NOI is $120,000 NNN with 10% increases every 5 years. There are no Landlord Responsibilities, as tenant maintains all structural and mechanical repairs. This hands-free would be an ideal replacement property for a 1031 buyer. 20,000 SF of pristine flex (Warehouse/Office space is rare to find in the Eastern Shore Marketplace, especially one supported by a strong national credit tenant. In addition, this property is also located in an Enterprise Zone and is in exceptional shape.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

6.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2020 Northwood Drive Salisbury, MD Toroid

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.22

LAND SF

140,430

ZONING

-

APN/PARCEL ID

09-050779

ASK ABOUT THIS PROPERTY

Blair RinnierRinnier Development CompanyMore Info
410-603-2826

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Blair RinnierRinnier Development CompanyMore Info
410-603-2826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.