5 Separate Lumber Warehouse Facilities

Special Purpose for Sale
Catylist Listing ID: 30528454
Property Subtypes: Saw Mill/Lumberyard
Building Size (RSF): 203,479 SF
Gross Land Area: 1.60 - 11.52 Acres
Sale Price: $5,300,000
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/25/2019

Overview / Comments

5 separate real estate parcels with buildings. These properties are being sold as one. Addresses are 6566 E. Fulton Ada, Mi, 3147 Fruitridge Ave. n.w. ,5151 US 10, Ludington, MI, 350 S.State Sparta, MI,
9760 North US 31 Montague, MI. NDA must be signed before financial information can be disclosed. Lease amount for each building are available upon request. One tenant leases all properties.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: Ada, Ludington, Sparta,Montague, Walker
Tax ID/APN: 41-15-28-324-009/41-05-23-153-017/41-13-05-301-010 + 2 more
Zoning: VARIABLE
Property Located Between: N/A
Property Visibility: Excellent
Highway Access: Yes.
Site Description: 5 separate Lumber facilities fully leased by one tenant.
Area Description: Various areas45
Total Number of Buildings: 37
Number of Stories: 2
Property Condition: Good
Year Built: 1940
Exterior Description: Various lumber facilities located in prime commercial and Industrial l areas.
Parking Type: Surface
Parking Description: Around buildings.
Sprinklers: Wet, Other, None
Heat Type: Electricity, Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Wall Units, Radiant
Air Conditioning: Package Unit, Other
Internet Access: Cable
Interior Description: Includes 30 different structures, some warehouses,some showrooms, and manufacturing.
Zoning Description: Commercial and industrial
Lot Frontage: Various
Lot Depth: Various
Water Service: Municipal, Well
Sewer Type: Municipal, Storm
Easements Description: Of record
Legal Description: LL in LO/AO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,813 28,536 86,572
Median Age: 34.92 39.71 34.77
Households: 1,185 11,298 35,096

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