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All Sperry Van Ness® Offices Independently Owned and Operated.
Warehouse for Sale or Lease at $3/SF
WOODS ROAD 817 Woods Road, Cambridge, MD 21613
$1,745,000
Presented By: Henry Hanna, CCIM, SIOR 206 E. Main Street Salisbury, MD 21801 (410)543-2420 [email protected]
Wesley Cox, CCIM 206 E. Main Street Salisbury, MD 21801 (410)543-2421 [email protected]
Offering Highlights
83,764 SQ.FT. FACILITY FOR SALE/LEASE RATE $3 SF
18'-20' CEILING/4.44 ACRES/1-2/PRIORITY & HUB ZONE
WILL BUILD NEW FLEX SPACE AT $6.00 PER SQ.FT.
http://sale.svn.com/817woodsroad
08/22/2011
Executive Summary WOODS ROAD
817 Woods Road, Cambridge, MD 21613
HIGHLIGHTS 83,764 SQ.FT. FACILITY FOR SALE/LEASE RATE $3 SF
18'-20' CEILING/4.44 ACRES/1-2/PRIORITY & HUB ZONE
WILL BUILD NEW FLEX SPACE AT $6.00 PER SQ.FT.
http://sale.svn.com/817woodsroad
List Price $1,745,000.00
Price Per Sq.Ft. $20.83
NOI
CAP
Building Sq.Ft. 83,764
Rentable Sq.Ft. 83,764
Land Acres 4.44
Load Factor
Occupancy
PROPERTY DESCRIPTION
Cross Street Route 16 Tax Parcel No. 96
Market Eastern Shore of MD Sub Market Cambridge
Year Built 1965 Building Class A
Location Class A Zoning Type Lt. Industrial
Mixed-Use No. of Buildings
No. of Stories 1 No. of Tenants
No. of Parking Spaces 150 HVAC Oil Fired Forced Air
Elevators
08/22/2011
Exclusively Listed By:
Henry Hanna, CCIM, SIOR (410)543-2420 [email protected]
Wesley Cox, CCIM (410)543-2421 [email protected]
Area Located in an industrial area and the Chesapeake Industrial Park, just off US Route 50. Cambridge, the county seat, is located in the north central portion of Dorchester County on the south bank of the Choptank River.
Property 83,764 sq.ft. manufacturing facility with 4,000 sq.ft. office, 6" reinforced concrete, 5 dock doors ( 8' x 10') and 2 drive-in doors (12' x 14') 4.44 acres. Zoned Light Industrial. Lease rate: 80,000 sq.ft. warehouse $3.00 per sq.ft Property offers security fencing and is fully sprinklered. Owner will build 1,600 sq.ft. (or multiples) of new flex space at $6 per sq.ft. - includes drive-in door, walk-in door, window, restroom and drywall finish. Interior improvements to be discussed and negotiated upon.
Renovation Originally constructed in 1965 the facility was refurbished in 1999 with fresh paint, new carpeting, new HVAC system. In 2003 a new roof membrane with 15 year warranty was added.
Parking 150 +/- parking spaces. Approximately 180,000 sq.ft. of parking area.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.svn.com
All Sperry Van Ness® Offices Independently Owned and Operated.
Rent Roll Summary Space Number
Tenant Name Occupied S.F.
Vacant S.F.
Annual Rent S.F.
Occupied Rent
Vacant Rent
% of Total
Escalations / Options / Comments
1 Delmarva Works 3,000 $2.00 $6,000 $0 4.6 % 2 Chesapeake Corp. 12,000 $1.50 $18,000 $0 18.5 % Month to Month 3 Composite Yacht 10,000 $4.20 $42,000 $0 15.4 % 4 Walmart 40,000 $12.00 $480,000 $0 61.5 % month to month
65,000 $546,000 $0 100.0 %
Potential Annual Income $546,000
Total S.F. 65,000
Avg. Annual Per S.F. $8.40
S.F. Vacancy (%)
Rent Vacancy (%)
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Receptionist Area
Office Area
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Warehouse
Warehouse
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Docks Doors
Rear of Warehouse
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Side view
Rear View
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Front View
Office Area
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Office Area
Office Area
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Office hall way
Rear View
Sensata
84 Lumber
The Mushroom
Co.
Sw
ing F
oods
MEDCO BLDG
Fastenal
Dr. Office
LWRC
Int’l Air Liquide
Available Lot
GKD Regina
Office Complex
VA Clinic
Hajoca Corp
Delmarva Steel
GK
D
Sherrif’s Office
Subject Property
Potomac Ridge
HiTech Plastics
806 Woods Rd.
Eastern Shore Health Ctr
Interstate
Corrpack
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.svn.com
All Sperry Van Ness® Offices Independently Owned and Operated.
Location Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.svn.com
All Sperry Van Ness® Offices Independently Owned and Operated.
Parcel Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Property Links City of Cambridge, MD http://ci.cambridge.md.us
Statistics, aerial photos, departments, council meeting minutes, job opportunities, etc.
Dorchester County, MD http://docogonet.com
Local government
Dorchester County Government http://www.msa.md.gov/msa/mdmanual/36loc/do/html/do.html
County Code & Charter
Choose Maryland http://www.choosemaryland.org/businessresources/pages/onemarylandtaxcredit.aspx
Details on the Choosemaryland Tax Credit Benefits
AdvisorsSperry Van Ness Advisors
All Sperry Van Ness® Offices Independently Owned and Operated.
Henry Hanna, CCIM, SIOR
Henry Hanna, CCIM, SIOR Senior Advisor Sperry Van Ness
Henry H. Hanna, III, CCIM, SIOR serves as a senior advisor for Sperry Van Ness/Miller Commercial Real Estate specializing in the sale of retail and NNN properties in the Eastern shore of Maryland. With over 35 years of brokerage experience, Hanna has successfully represented many banks, developers, investors and local and state governments. Prior to joining Sperry Van Ness/Miller Commercial Real Estate Hanna served as a commercial manager for Long & Foster Commercial where he oversaw five commercial brokers and specialized in the sale of commercial real estate. Additionally, he was recognized as the Top Commercial/Investment Sales Associate for the Mid-Atlantic Region for six years. Previously, Hanna served as broker/owner of Ahtes, Hanna, and McLaughlin where he held the position of CEO and was responsible for commercial sales. Hanna was also the owner of Hanna Real Estate where he was a broker in addition to being responsible for all phases and sales. Notable career highlights for Hanna include representing owners and developers as a broker for national retail companies including Walgreens, CVS, Rite Aid, convenience stores including Wawa, 7-11 and Sheetz and many banks including PNC. Currently Hanna is Mid-Atlantic Team Leader for SVN Asset Recovery Team helping local, regional and national banks and their borrowers to solve real estate issues. Hanna holds the prestigious Certified Commercial Investment Member (CCIM) designation, International Council of Shopping Centers (ICSC)and Society of Industrial and Office Realtors (SIOR). He served as past chair for the Salisbury University (SU) Foundation and SU Real Estate Foundation where he also volunteers regularly and provides his expertise and advice on real estate matters. Hanna earned a Masters of Business Administration from Southern Illinois University in Edwardsville, Illinois in addition to a Bachelor of Arts in government and foreign affairs from the University of Virginia in Charlottesville, Virginia.
Sperry Van Ness Staff Staff
All Sperry Van Ness® Offices Independently Owned and Operated.
Wesley Cox, CCIM
Wesley Cox, CCIM Senior Advisor Sperry Van Ness
Wesley Cox, CCIM serves as a Senior Advisor for Sperry Van Ness-Miller Commercial Real Estate, specializing in the sale of commercial investment property, multifamily, industrial, retail, and land in eastern Maryland and southern Delaware. Cox has secured over 100 transactions and participated in over $70 million in volume in the past 8 years. Prior to joining Sperry Van Ness-Miller Commercial Real Estate, Wesley served as a commercial realtor for Long & Foster Real Estate, Inc., where he was a full service broker handling the listing process, landlord and tenant representation, and buyer representation. Notable career highlights for Wesley include the sale of a 25,000 SF first class industrial facility to a defense contractor, the negotiation of a 10 year lease of a 43,200 SF retail space in the Payless Shopping Center, and the high profile sale of a 11 acre commercial business park in Fruitland, Maryland that encompassed 2.75 acres as a Hampton Inn & Suites. Cox was also involved in the sale of a 160,000 SF former Crown Cork & Seal industrial facility that was converted into an indoor sports complex, the Crown Sports Center, now the largest on the east coast. As a strong believer in serving the community, Wesley is the President for the Salisbury Area Chamber of Commerce Foundation, Inc and serves on the board of directors for the Lower Shore American Red Cross and the Wicomico Rotary Club and is also the assistant treasurer. He is the author of a newspaper column for the Daily Times and the Mid-Atlantic Real Estate Journal and has been featured in the CCIM Real Estate magazine. Wesley earned the prestigious Certified Commercial Investment Member (CCIM) designation after only 3 years in the business, is a CCIM partner, and is a member of the International Counsel of Shopping Centers (ICSC). Cox received a Bachelor of Science in business administration with an emphasis in finance as well as a second Bachelor of Science in management information systems from Salisbury University and was recognized on the Dean's List throughout his college career.
All materials and information received or derived from Sperry Van Ness - Miller Commercial Real Estate(hereinafter collectively “Sperry Van Ness”), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by Sperry Van Ness its directors, officers, agents, advisors, or affiliates as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Sperry Van Ness its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Sperry Van Ness will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Sperry Van Ness makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Sperry Van Ness does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Sperry Van Ness in compliance with all applicable fair housing and equal opportunity laws. Sperry Van Ness - Miller Commercial Real Estate is independently owned and operated.
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