1539 Tilco Dr, Frederick, MD 21704
11,026 SF Flex Condo Unit Offered at $2,295,000 in Frederick, MD 21704
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,295,000
- Property Type
-
Industrial
Listing Contacts
Ken Breen
Verified Profile
- Property Info
Property Overview
Situated within the Industrial Center East Park, this premier industrial hub offers excellent accessibility to major transportation routes, including I-270, I-70, and Highway 40 West, facilitating seamless logistics and distribution for businesses. The property spans 11,026 +/- square feet, featuring 8,000 +/- square feet dedicated to warehouse space, providing ample room for storage, manufacturing, or distribution operations. Additionally, two bays equipped with two dock overhead door.
The facility also includes 3,000+/- square feet of modern office space, featuring three restrooms and one kitchenette, offering a comfortable and functional workspace for administrative tasks and client meetings.
Currently, the property is 100% leased, guaranteeing investors stable income streams with a robust CAP rate, ensuring immediate returns and long-term growth potential
The facility also includes 3,000+/- square feet of modern office space, featuring three restrooms and one kitchenette, offering a comfortable and functional workspace for administrative tasks and client meetings.
Currently, the property is 100% leased, guaranteeing investors stable income streams with a robust CAP rate, ensuring immediate returns and long-term growth potential
Property Details
- Class
- B
- Year Built
- 2007
- Property Subtype
- Flex, Distribution
- Lot Size (sq. ft)
- 343,253 SF
- Units
- 1
Highlights
- Situated in Industrial Center East Park with easy access to I-270, I-70, and Highway 40 West.
- Investor owned. Both condo units are currently 100% leased, offering investors a stable income stream.
- Investor owner opportunity with a robust CAP rate and ROI.
- Two separate Tax ID condos, Suite 120 with Tax ID 02-589866 and Suite 121 with Tax ID 02-589867, are being sold as one.
- The warehouse area spans around 8,000 +/- square feet, with an additional office space of approximately 3,000 +/- square feet.
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