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$4,250,000
10 Days On Site

412 Railroad Ave
Federalsburg, MD 21632

For Sale|Industrial|Active
0
Beds
0
Full Baths
0
Partial Baths
100,336
SqFt
$42
/SqFt
1956
Built
County:
CAROLINE
Listing courtesy of KELLER WILLIAMS COMMERCIAL
Call Now: 301-793-3614
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301-793-3614
412 Railroad Ave412 Railroad Ave412 Railroad Ave412 Railroad Ave
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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

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Listing Snapshot
Price 
$4,250,000
Days On Site 
10 Days
Bedrooms 
N/A
Inside Area (SqFt) 
100,336 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
7.93 Acres
Year Built 
1956
MLS® Number 
MDCM2005152
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
7.93
Parking Spaces 
56
Property Sub Type 
Industrial
Sewer 
Public Sewer
SqFt Total 
100336
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
Metal Siding
Listing courtesy of KELLER WILLIAMS COMMERCIAL



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Neighborhood & Commute
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