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2020 Northwood Drive

SALISBURY, MD 21801
  • $1,990,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: MDWC2015442
UPDATED: 21 min ago
$1,990,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1996
County:

School Ratings & Info

Description

Single tenant NNN Lease with strong credit tenant, Toroid. There arecurrently 10.8 years left on the initial lease term. Current NOI is $120,000 NNN with 10% increasesevery 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 exceptionalshape .

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-11T17:51:58.65.
www.jessyoungrealestate.com/homes/156541874
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2020 Northwood Drive SALISBURY, MD 21801

  • Price: $1,990,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 21 min ago
  • ID#: MDWC2015442
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1996
Built
Neighborhood:
Wicomico Northwest (23-01)
County:
Wicomico
Area:
Wicomico Northwest (23-01)
School District:
Wicomico County Public Schools
Property Description
Single tenant NNN Lease with strong credit tenant, Toroid. There arecurrently 10.8 years left on the initial lease term. Current NOI is $120,000 NNN with 10% increasesevery 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 exceptionalshape .
Exterior Features

Construction Materials Concrete Garage YN No Parking Types Parking Lot Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 20000.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 20000.00

Property Features

Accessibility Features 2+ Access Exits Central Air YN No Cooling Fuel Other Heating Fuel Other Hot Water Other Municipality Salisbury Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 803412145676 Ownership Interest Other Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 27327.00 Tax Lot 9A Vacation Rental YN No Water Source Public Zoning LI

Listing courtesy of Rinnier Development Co: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-11T17:51:58.65.
 
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