Zeeland Industrial Warehouse, Manufacturing, Office Space For Sale

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30433552
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 17,500 SF
Gross Land Area: 3.03 Acres
Sale Price: $1,250,000
Unit Price: $71.43 PSF
Ceiling: 24 ft.
Docks/Doors: 1 Dock, 1 Door
Office SF: 5,000 SF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 17,500 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 6/18/2019

Overview / Comments

9434 Pentatech Dr located in Zeeland’s Industrial Park close to Gentex and Bridgewater Retail Center offers a great opportunity for an owner needing space for manufacturing, warehousing, or other business uses. This high-quality building is lightly used and is an area of strong development growth. The subject property consists of 17,500 sq.ft., 5,000 sq.ft. of which includes well laid out office space. The 12,500 sq.ft. production area has 24’ ceiling and 6 large windows that allow for ample natural light. Signage opportunity on the back of the building which faces a major road. The 3 acre lot includes an additional 41,000 sq.ft. of building expansion potential.

Currently, 9434 Pentatech is occupied by a tenant with lease to expire this year.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $3,233 (Annual)
Assessed Value - Total($) $82,500 (Annual)
Potential Rental Income $130,000 (Annual)

Current Tenants

Tenant Business Name Flipside Gymnastics
Phone Number 616-748-9050
Website URL https://www.flipsidegym.com/
Industry Type Arts, Entertainment, and Recreation
Is Renting? Yes
SF of Space Occupied 15,000 SF
Current Rent $4 PSF (Annual)
Lease Expiration 12/2019

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Taxing Authority: Zeeland Township
Tax ID/APN: 70-17-07-399-004
Zoning: INDUSTRIAL
Property Located Between: Riley and Quincy
Highway Access: Easy access to I-196, Chicago Drive and US 31.
Airports: Ford International Airport
Site Description: Building sits on over 3 acres. Parking lot and/or building has great potential for expansion.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2008
Roof Type: Flat
Construction/Siding: Brick, Metal Siding, Steel Frame
Exterior Description: Built in 2008, this building is in excellent condition. The beautiful brick facade has sophisticated black windows and architectural details which complement 21st century industry. Signage opportunity on the back of the building which faces a major road.
Parking Ratio: 0.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved lot with lines
Total Parking Spaces: 40
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 400
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Other
Internet Access: Cable
Interior Description: Building is split into two parts including 5,000 square feet of office space and 12,500 of warehouse space. Great for controlling noise from the warehouse. Could be officially split to accommodate two different tenants.
Zoning Description: I 1 Light Industrial
Lot Frontage: 327
Lot Depth: 404
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: LOT 12 PENTATECH SUB

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,119 34,162 63,476
Median Age: 33.88 35.13 34.66
Households: 1,796 12,314 22,521

Contact

Photograph of Listing Agent

Vince Villegas

Villegas Group CARWM Member
Photograph of Listing Agent

Ghazey Aleck

Villegas Group CARWM Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.