810 Chesapeake Dr - Warehouse FOR SALE


Cambridge, MD 21613
$9,300,000 USD
410-543-2420
810 Chesapeake Dr, Cambridge, MD for Sale
$9,300,000 USD
Warehouse - FOR SALE
1/18
null | 6.93% Cap Rate

810 Chesapeake Dr
Cambridge, MD 21613


HIGHLIGHTS

  • NNN Industrial Investment
  • #1 supplier in their industry nationwide
  • 3% annual increases.
  • Low risk of tenant moving
  • 2 year old construction
  • Tenant expressed interest in an early renewal

OVERVIEW

This offering consists of a single-tenant NNN industrial investment property located 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 TreeHouse 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.

FOR SALE DETAILS

PRICE

$9,300,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

6.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

UTILITIES

-

CLEAR CEILING HT

27 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.46

LAND SF

281,398

ZONING

IND

APN/PARCEL ID

07-204477,07-286963

ASK ABOUT THIS PROPERTY

Flo BrotzmanSVN | Miller Commercial Real EstateMore Info
410-543-2420

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Flo BrotzmanSVN | Miller Commercial Real EstateMore Info
410-543-2420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.