For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $4,200,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 31,600 sqft
Price per Sqft $132
MLS Listing ID MDWC2007040
Sold Date 03/01/23
Originating Board BRIGHT
Year Built 2008
Annual Tax Amount $30,606
Tax Year 2022
Property Description
Two Net Leased Industrial / Flex Buildings with national credit tenants. High Visibility
Highway Fronting Location in planned business park. 31,600 SF of excellent condition
buildings 100% occupied. Sherwin Williams Flooring Sales and Distribution Center and
Capital Electric (a subsidiary of Paris based Sonepar) have been in place since 2008.
Located in the 250 + acre Westwood Commerce Park - a designated Maryland Enterprise
Zone. Sherwin space spans 16,600 SF with 3,000 SF of office, and 13,600 SF of warehouse.
Capital space spans 15,000 SF with 3,500 SF of office, 6,500 SF of showroom, and 5,000 SF
of warehouse. Ceiling heights are 24' at the eves and 28' at the ridge. Property fronts Route
50, the major east/west corridor in Maryland. Landlord maintains the roof and structure.
Refer to rent roll in this package for income information.
Adjacent Parcel is slated for new construction of a 33,000 SF industrial shell.
Note - These improvements are structured as a condominium regime allowing maximum
flexibility. The adjacent Lot B3 is part of the regime. and will share in common area expenses
(grass, snow, etc.) - additional details available from Listing Advisor
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning PUD
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 86.0
Water Access N
Accessibility No Stairs
Total Parking Spaces 86
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2309097740
Ownership Condominium
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Randall Bendler • Bendler Realty Corp