Homes for sale - 2020 NORTHWOOD DR, Salisbury, MD 21801

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$1,990,000

Est. payment - /mo

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20,000 SqFt

Active

2020 NORTHWOOD DR Salisbury, MD 21801

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VR Group

vrgrouprealestate@vrgre.com +1(443) 968-2671

UPDATED:

10/09/2024 03:57 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $99

MLS Listing ID MDWC2015442

Originating Board BRIGHT

Year Built 1996

Annual Tax Amount $27,327

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property 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 .

Location

State MD

County Wicomico

Area Wicomico Northwest (23-01)

Zoning LI

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Garage Spaces 40.0

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Parking Type Parking Lot

Total Parking Spaces 40

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2309050779

Ownership Other

Special Listing Condition Standard

Listed by Matthew Trader • Rinnier Development Co

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(443) 968-2671

vrgrouprealestate@vrgre.com

4138 Old Town Rd, Huntingtown, MD, 20639, USA

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