Net Lease

Max & Ruffy's

1201 New Windsor Rd, Westminster, MD 21158

Listing Price: $1,794,227

Cap Rate
7.50%
Gross SF
20,600
Price/Gross SF
$87.10
Lot Size
1.43 acres
Year Built
1978
Rentable SF
20,600

Investment Overview

Marcus & Millichap is pleased to present for sale, a single-tenant industrial warehouse located at 1201 New Windsor Road in Westminster, Carroll County, Maryland. Originally constructed in 1978, this single-tenant industrial flex property is 20,600 SF and situated on 1.43 acres. The building includes a unique combination of office, manufacturing, warehouse and refrigerated space. The location is currently occupied by Max & Ruffys, LLC. The tenant opened for business in 2009 as a manufacturer of organic dog treats. Max & Ruffys moved into the location in 2016 and was recently acquired by a leader in the pet food industry, Animal Ventures, LLC. The tenant recently exercised its 5-year option on a NNN lease, which provides annual rental escalations of 3.0%.

The property is located on a main industrial corridor on New Windsor Road (Maryland Route 31), approximately 40 miles Northwest of the Baltimore city limits. The location provides easy access to Baltimore via Maryland Route 31 and US Interstate 795. Notable industrial tenants located in immediate proximity include Corner Supply Incorporated, Electric Test Instruments, IAG Performance and Performance Food Service Maryland.

The offering represents an opportunity to acquire a nearly passive investment that is resistant to E-Commerce with a long-term tenant providing stable cash flows. An attractive hedge against inflation with 3.0% annual rental escalations through the current option term makes this Max & Ruffys location an appealing investment for years to come.

Investment Highlights

  • 3.0% Annual Escalations
  • 15,000 SF Addition in 1991 | New 60 MM Rubber Membrane Roof Installed 2018
  • Recent Acquisition by Animal Earth Ventures, LLC Improves Lease Guarantee
  • Long-Term Tenant Commitment - Tenant Invested over $5M in Property Improvements
  • New 5-Year Renewal Option Recently Exercised

Exclusively Listed By

Listing Price: $1,794,227

Cap Rate
7.50%
Gross SF
20,600
Price/Gross SF
$87.10
Lot Size
1.43 acres
Year Built
1978
Rentable SF
20,600

Investment Highlights

  • 3.0% Annual Escalations
  • 15,000 SF Addition in 1991 | New 60 MM Rubber Membrane Roof Installed 2018
  • Recent Acquisition by Animal Earth Ventures, LLC Improves Lease Guarantee
  • Long-Term Tenant Commitment - Tenant Invested over $5M in Property Improvements
  • New 5-Year Renewal Option Recently Exercised

Investment Overview

Marcus & Millichap is pleased to present for sale, a single-tenant industrial warehouse located at 1201 New Windsor Road in Westminster, Carroll County, Maryland. Originally constructed in 1978, this single-tenant industrial flex property is 20,600 SF and situated on 1.43 acres. The building includes a unique combination of office, manufacturing, warehouse and refrigerated space. The location is currently occupied by Max & Ruffys, LLC. The tenant opened for business in 2009 as a manufacturer of organic dog treats. Max & Ruffys moved into the location in 2016 and was recently acquired by a leader in the pet food industry, Animal Ventures, LLC. The tenant recently exercised its 5-year option on a NNN lease, which provides annual rental escalations of 3.0%.

The property is located on a main industrial corridor on New Windsor Road (Maryland Route 31), approximately 40 miles Northwest of the Baltimore city limits. The location provides easy access to Baltimore via Maryland Route 31 and US Interstate 795. Notable industrial tenants located in immediate proximity include Corner Supply Incorporated, Electric Test Instruments, IAG Performance and Performance Food Service Maryland.

The offering represents an opportunity to acquire a nearly passive investment that is resistant to E-Commerce with a long-term tenant providing stable cash flows. An attractive hedge against inflation with 3.0% annual rental escalations through the current option term makes this Max & Ruffys location an appealing investment for years to come.

Exclusively Listed By

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