810 Chesapeake Dr,CAMBRIDGE, MD 21613
CAMBRIDGE, MD 21613
Description
Single-tenant NNN industrial investment property in Cambridge, MD constructed in 2022. The building was fit-out specifically for this tenant who is two years into their first term. The current rent is $644,700 plus NNN with 3% annual increases. Tenant has two (2) five (5) year renewal options. The building is 70,000 sq.ft. on 4.39 acres with a shared common entrance and common area parking in addition to the private parking. The tenant is Bay Valley Foods - a division of Tree House Foods - the #1 pickle & pepper supplier in the US. With the tenant's main manufacturing facility being across the street, there is a very low chance the tenant would ever relocate, and the tenant has said they will exercise their first option to renew early. - NNN Industrial Investment- #1 supplier in their industry nationwide- 3% annual increases.- Low risk of tenant moving- 2 year old construction
Details
| MLS # | MDDO2009760 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2023 |
| Days On Site | 20 |
| Listing Provided By | SVN/Miller Commercial Real Estate | Florence Brotzman |
Features
| Units | 1 |
|---|---|
| Zoning | INDUSTRIAL |
| Acreage | 4.39 |
Interior
| Cooling | Zoned |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Roof | Metal |
|---|---|
| Security Features | Fire Detection System, Electric Alarm, Security System, Smoke Detector |
| Construction Materials | Metal Siding |
| Foundation Details | Slab |
Parking
| Garage Yes / No | No |
|---|
Market Activity 21613
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Learn More About This Property
| State | MD |
|---|---|
| County | DORCHESTER MD |
| City | CAMBRIDGE |
| Zip Code | 21613 |
| Area | DORCHESTER MD |
| School District | DORCHESTER COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21613) | |
Price: $9,300,000 low | high Med: $299,994 On site: 20 low | high Med: 141.000000 | |
 | $9,200,0008058 Ocean GtwyEaston, MD 21601 |
