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 | 67 |
| Zoning | LI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Rinnier Development Co |
|---|---|
| Contact Info | (410) 742-8151 |