Cambridge, MD 21613,810 CHESAPEAKE DR
Cambridge, MD 21613,810 CHESAPEAKE DR
Cambridge, MD 21613,810 CHESAPEAKE DR
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Listed by Florence Brotzman • SVN/Miller Commercial Real Estate
$9,300,000
Est. payment /mo
70,000 SqFt
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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 70,000 sqft

Price per Sqft $132

MLS Listing ID MDDO2009760

Year Built 2023

Tax Year 2024

Lot Size 4.390 Acres

Acres 4.39

Property Sub-Type Industrial

Source BRIGHT

Property Description

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

Location

State MD

County Dorchester

Zoning INDUSTRIAL

Interior

Hot Water Electric

Heating Other

Cooling Zoned

Flooring Concrete

Heat Source Other

Exterior

Garage Spaces 150.0

Water Access N

Roof Type Metal

Street Surface Black Top

Accessibility None

Road Frontage City/County

Total Parking Spaces 150

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Dorchester County Public Schools

Others

Tax ID 1007204477

Ownership Fee Simple

SqFt Source Assessor

Security Features Fire Detection System,Electric Alarm,Security System,Smoke Detector

Special Listing Condition Standard


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agent

Beth Doan

+1(717) 476-0083

Realtor® | License ID: 5018986

Realtor® License ID: 5018986

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