LAKE MICHIGAN COMMERCE PARK ON M-45 NEAR STANDALE - UNIT 15,16,17

Industrial for Lease
Catylist Listing ID: 30151493
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Status: Proposed
Contiguous Space: 7,200 SF
Building Size (RSF): 7,200 SF
Gross Land Area: 7,200 SF
Lease Rate: $6.95 PSF (Annual)
Base Monthly Rent: $4,170
Lease Types: NNN
Ceiling: 16 - 18 ft.
Docks/Doors: 3 Doors
Drive In Bays: 3 Bays
Building Name: LAKE MICHIGAN COMMERCE PARK
Usable Size (USF): 7,200 SF
Last Updated: 9/11/2017

Overview / Comments

New Steel Constructed 7,200 S/F (90' X 80') Industrial Condo End Cap Unit. Fully insulated with three 12' X 14' overhead doors and a 6" reinforced concrete floor to be poured after Tenant lays out plumbing, bathrooms and floor drains.
Tenant to be responsible for its own build-out costs or Tenant can have the Landlord do build-outs with some cost participation from Tenant with the balance of build-out cost spread out over 5 years in the Lease. After the first 3 years of a 5 year lease, owner will offer Tenant an option to purchase on convenient land contract terms.

These are 3 combined Condo Units of 2,400 SF each (7,200 SF Total) and are part of a new 9 condo unit Building in the very successful and established Lake Michigan Commerce Park. Total Building Size is 24,000 SF and offers other unit sizes from 2,400 SF, 2,800 SF, 3,200 SF, 6,000 SF, and 12,000 SF which are all offered for sale or lease on separate listings. Abundant layout of designated parking . Conveniently located on M-45 just West of the Standale Village Business District with Meijer and many national restaurants and retail stores. Condo Bylaws and Master Deed available upon request. Located in Tallmadge Township with no City Income Taxes.

Expand All Available Space

Suite: UNITS 15,16,17 7,200 SF $6.95 PSF (Annual) NNN
Space Available: 7,200 SF
Lease Rate: $6.95 PSF (Annual)
$4,170 (Monthly)
Lease Type: NNN
Date Available: 9/1/2017
Lease Term: 60 Months
Space Type: New
Parking Spaces 15
Tax Expenses $1.03 PSF (Annual)
CAM Expenses $0.40 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description Years 1 thru 3 fixed: 3% Increase Years 4 thru 5
Tenant Improvements Allowance $0
Moving Allowance $0
Lease Buyout Allowance $0
Ceiling 18 ft. / 16 ft. Clear
Loading Doors 3
Drive In Bays 3

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Submarket Type: Suburban
Taxing Authority: Tallmadge Township
Tax ID/APN: 70-10-24-397- (015,016,017)
Zoning: I-1 LIGHT INDUSTRIAL
Property Located Between: 1st Ave and 8th Ave just west of Standale on M-45
Highway Access: M-45 and M-11 with easy access to I-96 and I-196
Airports: GERALD R FORD INTERNATIONAL AIRPORT
Site Description: Adjoins Phase 1 Industrial Building with 21,000 SF with 14 Units
Area Description: Established Industrial Businesses, commercial / retail and new housing development on Sessions Drive adjoining this location.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2017
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Building complies with new architectural designs established by Tallmadge Township. Brick facade percentage/ window coverage, etc
Parking Type: Surface
Parking Description: Designated Parking Layout with several areas for Common Area Parking and Guest Parking
Total Parking Spaces: 15
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Natural Gas
Interior Description: Open / Unfinished
Zoning Description: I-1 Light Industrial
Lot Frontage: 90
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities
Easements Description: Part of Master Deed Description and Easements of Record
Legal Description: Part of a larger over-all description

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,398 25,697 95,406
Median Age: 34.06 37.17 36.53
Households: 1,249 10,049 37,030

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