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14716 Pennsylvania Ave 20,202 SF Industrial Building Hagerstown, MD 21742 $1,387,000 ($68.66/SF) 8.93% Cap Rate
Investment Highlights
- Corporate-Credit Single-Tenant Industrial Asset Leased to Sodexo Subsidiary InReach
- Single-Net Lease Structure Providing Passive Income with Minimal Landlord Responsibilities
- Attractive 8.93% Cap Rate with Term Lease Through December 2029 and Annual Rent Increases
- Recently Renovated In 2025 Featuring New TPO Roof and Enhanced Durability
Executive Summary
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 ?nancial 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 con?ned to the roof, HVAC, and structure. With strong income stability, low management requirements, and the backing of Sodexo’s established credit pro?le, this turnkey asset offers investors a dependable and in?ation-resistant income stream, making it an appealing addition to a diversi?ed industrial portfolio.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Sodexo-InReach
- Accommodation and Food Services
- 20,202 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Sodexo-InReach | Accommodation and Food Services | 20,202 SF | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 27-011314 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,003,067 |
Property Taxes
Parcel Number
27-011314
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,003,067
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14716 Pennsylvania Ave
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