For Sale
$800,000
110 Columbia Rd Salisbury, MD 21801
High-yield flex space, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $800,000 asking price for this 8,152 square foot industrial/retail property.
- NNN lease with a single tenant, White Cap, a national company with 400+ locations.
- 5-year lease with three 5-year renewal options at 2% annual rent increases; currently generating $58,578 in annual rent.
- 100% occupancy with a pro-forma NOI of $57,405.
- Located on a 1.99-acre lot in Salisbury, MD (APN: 09-059822 & 02-016966), with general commercial zoning.
- Features three buildings and a fenced storage yard; landlord responsible for roof, structure, foundation, boiler, and parking.
Property Details for 110 Columbia Rd
- Property type
- Warehouses, Retail properties
- Square Feet
- 8,152 SF
- Lot Size (sq. ft)
- 86,684 SF
Location Insight
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Latitude
- 38.388274157044
- Longitude
- -75.580777658013
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - High-yield flex space, strong tenant.
- Where is the warehouse located?
- The property is located at 110 Columbia Rd Salisbury, MD.
- What is the asking price?
- The asking price for this property is $800,000.
- What are key features of this property?
- This property features: $800,000 asking price for this 8,152 square foot industrial/retail property.; NNN lease with a single tenant, White Cap, a national company with 400+ locations.; 5-year lease with three 5-year renewal options at 2% annual rent increases; currently generating $58,578 in annual rent.
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