Very clean well--maintained Industrial Property. Excellent for a 1031 exchange. 100,336 sq. ft. complex on 7.93 acres (Parcel 595 Tracts 1 and 2. Not included in the initial offer is Tract 3, 4.66 ac. undeveloped lot, could be available). There are multiple buildings on the site, the earliest of which was constructed in 1956 as a poultry processing plant with additions built in 1988, 1994, 2001, 2002, and 2008. The construction is concrete block and steel framing with some timber framing; recent additions are pre-engineered steel buildings. The older buildings received standing seam metal roofs in 2020. Buildings are heated and ventilated with some areas air-conditioned and cold warehouse areas are equipped with refrigeration equipment. Heavy, up-to-date electrical services throughout. All other systems Ceiling heights vary from 9 to 35 feet.The primary tenant M&M Refrigeration, LLC, a wholly owned subsidiary of Johnson Controls International, designs,manufactures, and installs custom industrial refrigeration equipment worldwide. There is a small portion (refrigerated dock space) leased by Jack and Jill, an ice cream distributor. The M&M JCI lease runs through 2033 and has two five-year options. It is a triple net lease with an annual rent adjustment of the CPI or 2% whichever is higher. The current annual rent is $298,120.08 Jack and Jill has been leasing its space for almost 40 years, currently month-to-month, but a signed lease could be acquired. Jack and Jill's current annual rent is $21,600.00. To summarize, the property generates $319,720.08 triple net. The property is offered for sale at $4,250,000, which yields a cap rate of 7.52%. Tract 3, 4.66 acres of undeveloped industrial land is not included in the offering and this time, but could be available. Upon receipt of a verified signed NDA (attached in Docs section), the following items will be made available: Alta survey showing all boundaries, improvements, easements, encroachments; Lease and amendment with lease exhibit; Maryland Dept. of the Environment letter of no findings; Phase 1 environmental study; and Phase 2 environmental study. Please feel free to call the agent with any questions and to arrange a site visit if you like. Attachments
Located in the heart of Federalsburg in Bloomingdale Square, this Commercially Zoned, Class-A, end cap 6387 square foot facility is cleared and delivered as a vanilla box, ready for a new business. The 2022 AADT on Federalsburg Highway is 4000 and the AADT on Bloomingdale Rd is 6500+. Located amongst other thriving businesses; Food Lion, McDonalds, Domino's Pizza, H&R Block, and others, with a huge parking lot including other abled vehicle spots. This unit has a roll in front entrance and 2 ADA laid out compliant restrooms. Additional storage and electrical panels in the rear of the shop. The storefront has 6 plate glass windows for light and product display, two parking lot entry doors, one side emergency exit door, and one rear emergency exit door leading to the trash collection area. There are four HVAC units for energy sufficient comfort. The price per square is $93.94 with a current monthly CAM of $800. The parking lot and drive have been recently paved and the grounds are professionally maintained. Food Lion is the anchor business prohibiting a supermarket in this unit. Perfect space for a restaurant, furniture store, game shop, bike shop, computer/appliance retail or service store, music shop/school, daycare center, flooring center, hardware store, house of worship, antique shop, pool/spa supply center, bakery/coffee shop, etc. Use the entire floor space or divide down the center and lease out one side as each side would have its own front public entrance. All use of space must be approved by Food Lion
Industrial Facility in the Opportunity Zone. 49,813 sq.ft. facility on 5.586 acres. 5 docks (8 x 8) and 1 drive-in door (8 x 8). 3 phase electric 480 volts - steps down to 280. Propane hanging heating, compressed air lines and electrical drops throughout. 6" water line. 2,000 sq.ft. 2nd floor office space overlooking the production area with new a/c, new heat pump and new duct work. Approx 40 employee parking spaces and 15 tractor trailer truck spaces. 5+ acre site offers room for expansion. The Federalsburg Industrial Park is located 1 mile from downtown Federalsburg on MD Rt. 313. The park is equipped with electricity, water, sewer, broadband access and offers paved roads and fire and police protection.
INVESTOR ALERT! This property is zoned C-1 and has mixed use capabilities. With an office space on the first floor and a 2 bedroom, 2 bathroom apartment space on the second and third floors, there is unlimited potential with two separate units , accesses and addresses. The roof and heating and air system have both been updated within the past four years. Don't miss out on this rare, in-town Federalsburg gem!
Live/rent upstairs - have your business downstairs. Located In Federalsburg - steps to the Marshyhope Creek. Recent HVAC
Federalsburg is located in Maryland. Federalsburg, Maryland has a population of 2,824. Federalsburg is less family-centric than the surrounding county with 18.67% of the households containing married families with children. The county average for households married with children is 27.43%.
The median household income in Federalsburg, Maryland is $31,532. The median household income for the surrounding county is $63,027 compared to the national median of $69,021. The median age of people living in Federalsburg is 32.1 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 26.9 degrees. The average rainfall is approximately 45.4 inches per year, with 10.7 inches of snow per year.
