FLEX BUILDING - PORTAGE, MICHIGAN

Industrial for Sale
Catylist Listing ID: 30040470
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $449,000
Unit Price: $64.14 PSF
Ceiling: 24 ft. / 22 ft. Clear
Docks/Doors: 1 Door
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 70
Last Updated: 6/20/2017

Overview / Comments

AVAILABLE FOR SALE – Approx. 7,000 SF free-standing flex building on 1.25-acre parcel in south Portage. Constructed in 2003, this building features retail, office and warehouse space with one overhead door, ceiling heights of 22’ – 24’, a 2,299 SF platform for storage, monument signage and ample parking. The large site (approx. 369’ x 165’) offers the opportunity for a building of similar size to be constructed on the south portion of the parcel. Currently 70% occupied by multiple tenants with month-to-month lease terms, this property offers flexibility of partial or full owner occupancy upon purchase.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: Portage, City of
Tax ID/APN: 3910-00026-085-B
Zoning: B-3, GENERAL BUSINESS DISTRICT
Property Located Between: E. Centre Avenue & Stanley Avenue
Site Description: Large site offers opportunity for additional building of similar size to be constructed on southern portion of property
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2003
Construction/Siding: Concrete, Metal Siding, Steel Frame
Parking Type: Surface
Total Parking Spaces: 32
Overhead Cranes: Undisclosed
Amps: 400
X-Phase: 3-Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B-3, General Business District
Lot Frontage: 369.2
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal, Storm
Legal Description: SECTION 26-3-11 COM AT INT OF ELY LI PORTAGE RD WITH N LI OF STANLEY AVE, TH NLY ALG E LI OF PORTAGE RD 265.39 FT FOR P.O.B., TH CONT ALG SD E LI 369.2 FT, TH E 165 FT, TH SWLY PAR WITH E LI OF PORTAGE RD 369.2 FT, TH W 165 FT TO P.O.B.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,980 24,864 66,764
Median Age: 40.54 40.22 38.44
Households: 1,969 10,067 27,251

Contact

Photograph of Listing Agent

Jodi K. Milks, CCIM

Bradley Company CARWM Member

Source

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