MD > Cambridge
Cambridge, MD 21613,810 CHESAPEAKE DR
Cambridge, MD 21613,810 CHESAPEAKE DR
Cambridge, MD 21613,810 CHESAPEAKE DR
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Simone Velvel

Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Florence Brotzman • SVN/Miller Commercial Real Estate
$9,300,000
Est. payment /mo
70,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 70,000 sqft

Price per Sqft $132

MLS Listing ID MDDO2009760

Year Built 2023

Tax Year 2024

Lot Size 4.390 Acres

Acres 4.39

Property Sub-Type Industrial

Source BRIGHT

Property Description

Single-tenant NNN industrial investment property in Cambridge, MD constructed in 2022. The building was fit-out specifically for this tenant who is two years into their first term. The current rent is $644,700 plus NNN with 3% annual increases. Tenant has two (2) five (5) year renewal options. The building is 70,000 sq.ft. on 4.39 acres with a shared common entrance and common area parking in addition to the private parking.

The tenant is Bay Valley Foods - a division of Tree House Foods - the #1 pickle & pepper supplier in the US. With the tenant's main manufacturing facility being across the street, there is a very low chance the tenant would ever relocate, and the tenant has said they will exercise their first option to renew early.

- NNN Industrial Investment
- #1 supplier in their industry nationwide
- 3% annual increases.
- Low risk of tenant moving
- 2 year old construction

Location

State MD

County Dorchester

Zoning INDUSTRIAL

Interior

Hot Water Electric

Heating Other

Cooling Zoned

Flooring Concrete

Heat Source Other

Exterior

Garage Spaces 150.0

Water Access N

Roof Type Metal

Street Surface Black Top

Accessibility None

Road Frontage City/County

Total Parking Spaces 150

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Dorchester County Public Schools

Others

Tax ID 1007204477

Ownership Fee Simple

SqFt Source Assessor

Security Features Fire Detection System,Electric Alarm,Security System,Smoke Detector

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
agent-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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810 CHESAPEAKE DR

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