$1,990,000
( $99.50Per Sq Foot )
$10,683 est/mo Sourced by Back At You2020 Northwood Dr,SALISBURY, MD 21801
SALISBURY, MD 21801
Description
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 .
Details
| MLS# | MDWC2015442 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1996 |
| Days On Site | 219 |
| Listing Provided By | Rinnier Development Co | Matthew Trader |
Features
| Units | 1 |
|---|---|
| Zoning | LI |
| Water Front | Yes |
Market Activity 21801
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Learn More About This Property
| State | MD |
|---|---|
| County | WICOMICO MD |
| City | SALISBURY |
| Zip Code | 21801 |
| Area | Wicomico Northwest (23 01) |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21801) | |
Price: $1,990,000 low | high Med: $310,000 On site: 219 low | high Med: 273.000000 | |
Listing Updated: May 9, 2025 at 6:42:37 PM PDT
