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Key Details
Sold Price $1,425,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $71
MLS Listing ID MDWC107876
Sold Date 04/27/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1996
Annual Tax Amount $18,743
Tax Year 2019
Lot Dimensions 0.00 x 0.00
Property Description
SALE /LEASEBACK - Light Manufacturing Electronics assembly plant. YEAR ONE CAP RATE OF 8.03% (after allowing for 3% management fee). Well established business in operation for over 30 years. Current owner will sign a 15 year NNN lease at $6.00 PSF and will maintain structural and all major mechanical repairs/replacements. Property includes 3.21 acres of light industrial-zoned land and a 20,000 SF building. Property is located in an Enterprise Zone and is in great condition.
Location
State MD
County Wicomico
Area Wicomico Southwest (23-03)
Zoning LI
Interior
Hot Water Natural Gas
Heating Other
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 23.0
Water Access N
Accessibility No Stairs
Total Parking Spaces 23
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 09-050779
Ownership Other
Special Listing Condition Standard
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Bought with Non Member • Non Subscribing Office
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