2020 Northwood Dr
$1,990,000
2020 Northwood Dr, Salisbury, Md 21801
For Sale
Industrial
Active
Last Updated: 02/08/2025
20,000 sqft
Building Size
1996
Year Built
Details:
Building Size: 20,000 sqft
Year Built: 1996
Price Per Sqft: $99.50
Zoning: LI
Highlights:
- Days on Market: 123
- Heating: Other
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
Gallery
