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$2,270,875
$2,500,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
955 MOUNT HERMON RD Salisbury, MD 21804
9,224 SqFt
Key Details
Sold Price $2,270,875
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 9,224 sqft
Price per Sqft $246
MLS Listing ID MDWC2014576
Sold Date 10/31/24
Originating Board BRIGHT
Year Built 1987
Annual Tax Amount $17,523
Tax Year 2024
Lot Size 0.819 Acres
Acres 0.82
Lot Dimensions 0.00 x 0.00
Property Description
Class A Office Investment, fully leased to UHY Mid-Atlantic. UHY has 330 major business centers across 100+ countries. They are one of the top CPA firms in the region delivering quality services to firms ranging from middle market to Fortune 500 companies as well as government and not-for-profit entities. This is an attractive 9,224 SF brick building located on the popular Mount Hermon corridor with visibility from Route 50 as well. This investment is being offered at an 8.3% CAP Rate. Lease Expires 1/31/29 with a 5 year option. The landlord has put a request in to the tenant to exercise the option early extending the lease to 1/31/34
Upper roof was replaced in 2021, & all the HVAC units have been replaced in the last few years.
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning LBI
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 40.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 40
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2305092450
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with John McClellan • SVN |Miller Commercial Real Estate