$1,500,000 medco building 828 fieldcrest drive ......all sperry van ness® offices independently...

All Sperry Van Ness® Offices Independently Owned and Operated.

Lease Rate $11,340 / Month

MEDCO BUILDING 828 Fieldcrest Drive, Cambridge, MD 21613

$1,500,000

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

Chesapeake Industrial Park

Lease Rate $4.50 per sq.ft. / $11,340 per month

24' Ceiling/Clear Span / 2 Drive-in /1 Dock Door

Enterprise Zone, Priority Funding & HUB Zone

05/10/2011

Executive Summary MEDCO BUILDING

828 Fieldcrest Drive, Cambridge, MD 21613

HIGHLIGHTS Chesapeake Industrial Park

Lease Rate $4.50 per sq.ft. / $11,340 per month

24' Ceiling/Clear Span / 2 Drive-in /1 Dock Door

Enterprise Zone, Priority Funding & HUB Zone

List Price $1,500,000.00

Price Per Sq.Ft. $49.60

NOI

CAP

Building Sq.Ft. 30,240

Rentable Sq.Ft. 30,240

Land Acres 8.68

Load Factor 3,500 psi

Occupancy

PROPERTY DESCRIPTION

Cross Street Woods Road Tax Parcel No. 115

Market Eastern Shore of Sub Market Cambridge

Year Built 2004 Building Class A

Location Class A Zoning Type Industrial

Mixed-Use No. of Buildings 1

No. of Stories 1 No. of Tenants

No. of Parking Spaces 72 HVAC Propane

Elevators

05/10/2011

Exclusively Listed By:

Henry Hanna, CCIM, SIOR (410)543-2420 [email protected]

Wesley Cox, CCIM (410)543-2421 [email protected]

Area Located in the Chesapeake Industrial Park with easy access to Rt. 50.

Property Flex-Industrial Building for sale or lease at $4.50 per sq.ft. in the Chesapeake Industrial Park. Offers clear-span construction with room for expansion. Offers 1,800 sq.ft. office area, 12 x 12 overhead door, 12 x 16 overhead door at grade, and dock door. Standing seam roof, 4" insulation. 28,440 sq.ft, of manufacturing space. Located in a State Enterprise zone, HUB Zone and Priority Funding Area. PROPERTY WEBSITE: http://sale.svn.com/cambridgeindustrialfieldcrest

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Space For Lease - Industrial

30,240 S.F. Available

828 Fieldcrest Drive - Cambridge, MD 21613 Space Information Property Information

Space No. 1

Lease Rate $4.50/S.F./Year

Date Available 3/1/2011

Lease Type TBD

Divisible N

Building Size 30,240

Year Built 2004

Location Class A

Building Class A

Description 30,240 Sq.Ft. Flex-Industrial Building for lease at $11,340 / Month. Offers 1,800 sq.ft. office area, 12 x 12 overhead door, 12 x 16 overhead door at grade, and dock door. Standing seam roof, 4" insulation. 28,440 sq.ft. of manufacturing space.

Sperry Van Ness - Miller Commercial Real Estate Henry Hanna, CCIM, SIOR (410)543-2420 [email protected]

Wesley Cox, CCIM (410)543-2421 [email protected]

206 E. Main Street - Salisbury, MD 21801


Front

Side view


Interior

Office Area


Interior

Interior


Interior

Warehouse


Warehouse

Warehouse showing drive-in doors


Warehouse

Warehouse


Other Photo

Other Photo


Dock

Fence


Back view

Sensata

84 Lumber

The Mushroom

Co.

Sw

ing F

oods

Inter-

state

Available Lot

Fastenal

Dr. Office

LWRC

Int’l Air Liquide

Hitech Plastics GKD Regina

Office Complex

VA Clinic

Hajoca Corp

Delmarva Steel

GK

D

Sherrif’s Office

Subject Property

Potomac Ridge

817 Woods Rd.

806 Woods Rd.

Eastern Shore Health Ctr


www.svn.com


Location Map


www.svn.com


Parcel Map


1 . Advisor Profile

AdvisorsSperry Van Ness Advisors


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


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.

$1,500,000 medco building 828 fieldcrest drive ......all sperry van ness® offices independently...

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