2020 Northwood Dr, SALISBURY, MD

$1,990,000

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20,000

Square feet

About 2020 Northwood Dr

Single tenant NNN Lease with strong credit tenant, Toroid. There arecurrently 10.8 years left on the initial lease term. Current NOI is $120,000 NNN with 10% increasesevery 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 exceptionalshape .

Features of 2020 Northwood Dr

MLS® # MDWC2015442
Price $1,990,000
Bathrooms 0.00
Square Footage 20,000
Acres 0.00
Year Built 1996
Type Commercial Sale
Sub-Type Industrial
Status Active

Community Information

Address 2020 Northwood Dr
Area Wicomico Northwest (23-01)
City SALISBURY
County WICOMICO-MD
State MD
Municipality Salisbury
Zip Code 21801

Amenities

Is Waterfront No

Interior

Heating Other
Cooling Other
Has Basement No
Fireplace No

Exterior

Exterior Concrete/Block

School Information

District WICOMICO COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed October 9th, 2024
Days on Market 56
Zoning LI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRinnier Development Co
Contact Info(410) 742-8151

Listing Map

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