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CommercialFor Sale
$1,990,000
2020 Northwood Drive
Salisbury, MD 21801
Listed by: Rinnier Development Co, (410) 742-8151
MLS: Bright MLS
20,000Sq Ft
Est. Mortgage
$10,372/mo
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 .
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