2020 Northwood Dr | Salisbury, MD 21801
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2020 Northwood Dr
Salisbury, MD 21801
2020 Northwood Drive Salisbury, MD Toroid · Industrial Property For Sale
Executive Summary
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.
PROPERTY FACTS
| Sale Type | Investment NNN | Rentable Building Area | 20,000 SF |
| Cap Rate | 6.03% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1996 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 3.22 AC |
| Sale Type | Investment NNN |
| Cap Rate | 6.03% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.22 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | 09-050779 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,371,833 |
PROPERTY TAXES
Parcel Number
09-050779
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,371,833
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