A/C Tech - Flex Office / Industrial in excellent location

Industrial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30680238
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Office Showroom, General
Status: Pending
Building Size (RSF): 82,551 SF
Gross Land Area: 4.97 Acres
Sale Price: $5,995,000
Unit Price: $72.62 PSF
Ceiling: 20 ft.
Docks/Doors: 4 Docks, 2 Doors
Office SF: 60,000 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Baker Perkins / Vizcom
Usable Size (USF): 82,551 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/29/2021

Overview / Comments

This property’s unparalleled location on Kraft Ave just south of I-96 is just the beginning of it’s long list of unique attributes. This all brick and block facility features 75% fully climate controlled office / tech space, with huge open areas for showroom, call center, open office, clean room production, or extremely clean manufacturing. The building has 4,000 Amps of power, multiple fiber optic communication access points, tons of natural light throughout the interior, 181 parking spots, four (4) loading docks and two (2) drive in doors. Baker Perkins also leases approximately 28,000 SF and has been a tenant for 10+ years. There is not a better location or property available on the market today for users seeking a first class high tech office / flex / light manufacturing facility with built in rental income and long term growth potential.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $1,344,200 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Airport District
Taxing Authority: Cascade Township
Tax ID/APN: 41-19-18-426-009
Zoning: I-1
Highway Access: I-96 at 28th Street or 36th Street.
Airports: GR Ford
Area Description: DIRECTIONS: 28th Street to Kraft Ave South to Property on East side of the road.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1985
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Block
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Parking Description: 181 surface parking spots
Total Parking Spaces: 181
Eave Height: 20
Column Spacing: 40
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 4,000
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: LED, Fluorescent
Internet Access: Cable, Fiber Optic
Interior Description: Open showroom, clean industrial A/C production space, office and warehouse
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,467 34,851 114,426
Median Age: 47.79 38.82 38.13
Households: 1,143 13,991 43,963
© Copyright 2001-2020 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.