Catylist ID: #30380321
Sale/Leaseback located in a Qualified Opportunity Zone
Industrial for Sale
|Catylist Listing ID:||30380321|
|Property Subtypes:||Manufacturing, Light Industrial|
|Building Size (RSF):||54,500 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||3.19 Acres|
|Unit Price:||$38.72 PSF|
|Ceiling:||1224 ft. / 24 ft. Clear|
|Docks/Doors:||2 Docks, 2 Doors|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller, Sale/Leaseback|
Overview / Comments
NorthStar Commercial is pleased to present a Grand Rapids-based Sale-leaseback Industrial Investment opportunity offered at an 8.38% Cap Rate.
THIS PROPERTY IS LOCATED IN A QUALIFIED OPPORTUNITY ZONE
Well established privately held local contract manufacturer specializing in finishing, fabrication, assembly of furniture, military, electronics, and the gaming industry is willing to sign an absolute net lease with renewal options making this a simple investment with minimal landlord responsibilities.
A recent Alta Survey and Environmental reports have been completed on both properties making this a simple transaction for a 1031 exchange.
NOTE: Clear ceiling height ranges from 12 feet to 24 feet.
|Nearest MSA:||Grand Rapids-Wyoming|
|Submarket/Township:||S 131 Corridor|
|Taxing Authority:||City of Grand Rapids|
|Tax ID/APN:||41-18-05-156-006, 41-18-06281025|
|Total Number of Buildings:||2|
|Number of Stories:||1|
|Proximity:||1 mile||3 miles||5 miles|
Pamela CollinsNorthStar Commercial LLC CARWM Member
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