Salisbury, MD 21801 2020 Northwood Drive
$1,990,000
15 more
Presented By: Rinnier Development Co
SQFT • 20,000
SQFT • 20,000Home Details
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 .
Presented By: Rinnier Development Co
Interior Features for 2020 Northwood Drive
Other Interior Features
Central Air Y/NNo
Heating FuelOther
Heating Y/NYes
Hot WaterOther
General for 2020 Northwood Drive
Accessibility2+ Access Exits
Business TypeFlex
CitySALISBURY
Construction MaterialsConcrete
Cool FuelOther
CoolingOther
CountyWICOMICO
DirectionsLocated on Northwood Drive
HeatingOther
Legal SubdivisionNORTHWOOD
MLS AreaWicomico Northwest (23-01)
ModificationTimestamp2025-01-08T02:00:46
MunicipalitySalisbury
New ConstructionNo
Number Of Units Total1
OwnershipOther
PossessionNegotiable
Price Per Sq Ft Total AG99.5
Property SubtypeIndustrial
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount27327.0
Tax Assessed Value1371833.0
Tax Lot9A
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1996
Year Built SourceAssessor
ZoningLI
Exterior for 2020 Northwood Drive
Building Area Total20000.00
Car Parking Spaces40
Land Assessed Value0.00
Land Use CodeI
Lot Dimensions0.00 x 0.00
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks2
Total Parking Spaces40
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
