Investment property

Special Purpose for Sale
Catylist Listing ID: 30656022
Property Subtypes: Saw Mill/Lumberyard
Building Size (RSF): 107,348 SF
Gross Building Area: See Agent
Sale Price: $1,785,000
Ceiling: 14 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 1/22/2022

Overview / Comments

3 Separate properties sold as 1. All three locations are high traffic, great visibility locations. NNN leased to one strong tenant. Showrooms, warehouses and outside storage. Great cap rate and future investment. Properties are also listed separately.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Tax ID/APN: 010-013-400-012-01/ 41-05-23-153-017/02-016-400-0001-01
Zoning: COMMERCIAL
Property Visibility: Excellent
Property Condition: Good
Year Built: 1960
Roof Type: Gambrel
Construction/Siding: Aluminum Siding
Exterior Description: Warehouses, Outside storage
Parking Type: Surface
Parking Description: Parking around buildings.
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 815 10,986 17,444
Median Age: 35.31 43.05 44.55
Households: 323 4,729 7,357

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