2020 NORTHWOOD Dr
salisbury, MD 21801$1,990,000
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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 .
Details
Industrial
$27,327 Annual Tax
Built in 1996
MLS/Listing ID MDWC2015442
1 Units
Listing Courtesy of RINNIER DEVELOPMENT CO, MATTHEW TRADER - 410-742-8151
Source of Data: BRIGHT MLS
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All information deemed reliable but not guaranteed. Last date updated: 05/23/2025.
Source: Bright Multiple Listing Service, Inc.
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