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32298230
33929844

14716 Pennsylvania Avenue, Hagerstown, MD 21742

KM
MD 5009118, PA RSR005297 (+2)
Marcus & Millichap - Baltimore
BH
PA PA RS335804
Marcus & Millichap - Philadelphia
JH
PA RS376105
Listed by Marcus & Millichap - Baltimore, Marcus & Millichap - Philadelphia
$1,387,000
57 days on market
Updated 2 days ago

Sodexo | InReach | 8.93% Cap | Corporate Credit

Details
Property Type Industrial
Sub Type Warehouse, Distribution
Square Footage 20,202
Net Rentable (SqFt) 20,202
Cap Rate 8.93%
NOI $123,895
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 5
Lease Expiration 12/31/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options Three, 1-Year Options
Price per SqFt $69
Year Built 1950
Year Renovated 2025
Acreage 2.250
Zoning HI - Highway Interchange Zoning District
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/01/2025
Ground Lease No
Ceiling Height 15
Dock High Doors 1
Ownership Fee Simple

New Roof (November 2025) | 2.5% Increases

Marketing description

Marcus & Millichap is pleased to present the investment opportunity located at 14716 Pennsylvania Avenue in Hagerstown, Maryland. The 20,202-square-foot, single-tenant industrial property is situated on 2.25 acres. Originally constructed in 1950, the asset underwent a comprehensive renovation in 2025, including the installation of a new TPO roof, enhancing both its functionality and long-term durability. The property is fully leased to InReach, a subsidiary of global food services leader Sodexo, providing strong tenant credibility and financial backing. The asset operates under a single net lease structure with 2.5 percent annual rent escalations and in place through December 2029, along with three renewal options. The current annual net operating income is $123,895, computing to an 8.93 percent cap rate. Under the current lease terms, the tenant is responsible for taxes and utilities, while the landlord maintains limited obligations confined to the roof, HVAC, and structure. With strong income stability, low management requirements, and the backing of Sodexo’s established credit profile, this turnkey asset offers investors a dependable and inflation-resistant income stream, making it an appealing addition to a diversified industrial portfolio.

Investment highlights

  • Corporate-Credit Single-Tenant Industrial Asset Leased to Sodexo Subsidiary InReach
  • Attractive 8.93% Cap Rate with Term Lease Through December 2029 and Annual Rent Increases
  • Single-Net Lease Structure Providing Passive Income with Minimal Landlord Responsibilities
  • Recently Renovated In 2025 Featuring New TPO Roof and Enhanced Durability

Listing Contacts

KM
MD 5009118, PA RSR005297 (+2)
Marcus & Millichap - Baltimore
BH
PA PA RS335804
Marcus & Millichap - Philadelphia
JH
PA RS376105
Listed by Marcus & Millichap - Baltimore, Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$123,895.00
$10,324.58/mo

Valuation Metrics

0
DSCR
8.93%
Cap Rate
8.93%
ROI

Map

Zoning

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HI CommercialSpecial CommercialHighway Interchange District
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Brian Hosey
License
5005538
Title
Broker of Record
Name
Kyle Malin
License
5009118
Brokerage Phone
443.703.5035
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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