810 Chesapeake Dr, Cambridge, MD 21613

Property Description

SALE OR LEASE! Single-tenant NNN industrial investment property in Cambridge, MD constructed in 2022. The building was fit-out specifically for food grade. Current tenant is two years into their term. The current rent is $644,700 plus NNN with 3% annual increases. 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 will not be renewing their lease. The property is now available for lease or sale as an investment or vacant for an user. The Landlord and Tenant maintain a positive working relationship, allowing flexibility for a sublease through January 2028 or a long term term arrangement. With over 2 years remaining on the existing lease, there is flexibility with the options for this property. 27' clear height throughout the warehouse offering excellent flexiblity for racking,stacking or high-bay operations. Top tier electrical infrastructure to support high-power manufacturing operations. Food-grade ready - super clean, immaculate condition and professionally maintained. Industrial satefy features include yellow guard rails around the interior perimeter. 4 electric forklift docking/charging stations. Efficient, modern LED lighting throughout designed for bright, high visibility operations. 3 Drive-in doors 14 x 12 and 5 docks 9 x 8. Professional 2,500 sq.ft. office with kitchen, conference room, private offices and separate office in the warehouse with lounge and restroom for drivers. Asking lease rate is $9.75 per sq.ft. NNN