810 Chesapeake Dr
$9,300,000
810 Chesapeake Dr, Cambridge, MD 21613
70,000 sqft
Building Size
2023
Year Built
Details:
Highlights:
- Days on Market: 118
- Heating: Other
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
Gallery
