MD > Salisbury
Salisbury, MD 21801,2020 NORTHWOOD DR
Salisbury, MD 21801,2020 NORTHWOOD DR
Salisbury, MD 21801,2020 NORTHWOOD DR
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$1,990,000
Est. payment /mo
20,000 SqFt
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UPDATED:

01/08/2025 06:00 AM

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 Sub-Type Industrial

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

Water Access N

Accessibility 2+ Access Exits

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

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Bright MLS (BMLS)
Listed by Matthew Trader • Rinnier Development Co
advisor-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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2020 NORTHWOOD DR

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