1723 Vanderbilt Avenue, Portage

Industrial for Sale
Catylist Listing ID: 30667388
Property Subtypes: Free-Standing, Industrial-Business Park, Light Industrial, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 28,100 SF
Gross Land Area: 2.86 Acres
Sale Price: $875,000
Unit Price: $31.14 PSF
Ceiling: 18 ft.
Docks/Doors: 1 Dock, 3 Doors
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.81%
Average Occupancy Rate: 100
Last Updated: 5/13/2021

Overview / Comments

1723 Vanderbilt Avenue located in Portage, MI is 28,100 SF warehouse building with an acre of fenced parking leased to Hub Group Incorporated since 2013. Hub Group is a full service supply chain solutions company that specializes in transportation and logistic solutions. The Landlord pays building insurance, water, property taxes, and Fire Suppression system maintenance.


Finance Data Year 2012
Real Estate Taxes - Annual($) $10,189 (Annual)

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Taxing Authority: City of Portage
Tax ID/APN: 00029-225-O
Zoning: I-1
Site Description: SEC 29-3-11 E 20 R OF SE1/4 NE1/4 SEC 29 EXC S 822.51 FT, RESERVING E 66 FT FOR PRIVATE ROW
Area Description: DIRECTIONS: Shaver Road to Vanderbilt Avenue west to property on south side of road
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1981
Parking Description: Ample outside storage and parking
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,151 32,298 73,236
Median Age: 39.97 39.81 38.58
Households: 2,216 13,424 30,174


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