1225 Old Dorsey Rd
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1225 Old Dorsey Rd
3,990 SF Industrial Building Harmans, MD 21077 $2,050,000 ($514/SF) 6.63% Cap Rate
Investment Highlights
- Contractors lot with 2,700 sf warehouse bldg. Existing tenant is a large financially solid paving company.
Executive Summary
Property includes 1.2 acres W2 industrial lot two buildings Industrial Warehouse and historic post office used as offices (that needs renovation).
Sold subject to existing lease, BUT is possible to deliver vacant for USER purchase with reasonable notice.
Existing Tenant lease expires in 2027,
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Proximities: MD-100 4 min (1.2 mile) - Rt295 via MD-100 7 mins (2.7 miles) - I-95 – via MD-100 13 mins (5.3 miles)
I-97 – via MD-100 8 min (3.9 miles) - BWI I-97 - 8 min (3.1 miles)
Sold subject to existing lease, BUT is possible to deliver vacant for USER purchase with reasonable notice.
Existing Tenant lease expires in 2027,
----------
Proximities: MD-100 4 min (1.2 mile) - Rt295 via MD-100 7 mins (2.7 miles) - I-95 – via MD-100 13 mins (5.3 miles)
I-97 – via MD-100 8 min (3.9 miles) - BWI I-97 - 8 min (3.1 miles)
Property Facts
| Price | $2,050,000 | Lot Size | 1.20 AC |
| Price Per SF | $514 | Rentable Building Area | 3,990 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6.63% | Year Built | 1997 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 5.76/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Price | $2,050,000 |
| Price Per SF | $514 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.63% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.20 AC |
| Rentable Building Area | 3,990 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 5.76/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Fenced Lot
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Number | 04-000-90073373 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $488,767 |
PROPERTY TAXES
Parcel Number
04-000-90073373
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$488,767
zoning
| Zoning Code | W2 Industrial - Light (Offices and light manufacturing (secondary processing) permitted as well as building materials storage and sales, contractors and construction yards) |
| W2 Industrial - Light (Offices and light manufacturing (secondary processing) permitted as well as building materials storage and sales, contractors and construction yards) |
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