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
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Listing Snapshot
Price
$9,300,000
Days On Site
83 Days
Bedrooms
N/A
Inside Area (SqFt)
70,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
4.39 Acres
Year Built
2023
MLS® Number
MDDO2009760
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
4.39
Foundation
Slab
Parking
Parking Lot
Parking Spaces
100
Property Sub Type
Industrial
Security
Smoke Detector(s)Security System
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
70000
Water Source
Public
Zoning
INDUSTRIAL
Interior Features
Appliances
Electric Water Heater
Cooling
ZonedElectric
Flooring
Concrete
Heating
Other
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Exterior Features
Construction Details
Metal Siding
Roof
Metal
Community Features
School District
DORCHESTER COUNTY PUBLIC SCHOOLS
Schools
School District
DORCHESTER COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of SVN/Miller Commercial Real Estate
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