282 Industrial Drive, Hillsdale

Industrial for Sale
Catylist Listing ID: 30318743
Property Subtypes: Manufacturing, Light Industrial, Net Leased
Building Size (RSF): 75,380 SF
Gross Building Area: See Agent
Gross Land Area: 5.53 Acres
Sale Price: $2,600,000
Unit Price: $34.49 PSF
Ceiling: 18 ft. / 16 ft. Clear
Docks/Doors: 2 Docks, 3 Doors
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/25/2018

Overview / Comments

100% Leased, Class A Industrial / Manufacturing property located in Hillsdale, Michigan. The property is located just off W. Carleton Road, which provides immediate access to surrounding service amenities and is just 4 miles to US-12. Measuring approximately 75,380 SF on 5.527 acres, this quality building is leased to a credit automotive supplier, Paragon Metals, Inc. The property is an attractive and stable investment vehicle for investors seeking investment options in Michigan. The property was built in 1997 with additions in 2001 & 2013.

Additional Details

Nearest MSA: Hillsdale
County: Hillsdale
Taxing Authority: City of Hillsdale
Tax ID/APN: 006-221-226-11
Zoning: I-1 INDUSTRIAL
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1997
Year Renovated: 2001
Roof Type: Other
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: On-site, +/- 50 spaces.
Total Parking Spaces: 50
Overhead Cranes: Undisclosed
Sprinklers: None
Volts: 480
X-Phase: 3-phase
Heat Type: Space Heaters
Air Conditioning: Package Unit
Zoning Description: I-1 Industrial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On file.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,944 11,216 15,571
Median Age: 22.66 34.95 36.02
Households: 477 4,152 5,804

Contact

Photograph of Listing Agent

Kara Schroer

NAI Wisinski of West Michigan
CARWM Member
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