Industrial For Sale or Lease - 196,389 SF

Industrial for Sale
Catylist Listing ID: 30233575
Property Subtypes: Free-Standing, Manufacturing
Building Size (RSF): 196,389 SF
Gross Land Area: 20.66 Acres
Sale Price: $5,250,000
Unit Price: $26.73 PSF
Ceiling: 24 ft.
Docks/Doors: 11 Docks, 6 Doors
Office SF: 13,665 SF
Property Use Type: Vacant/Owner-User
Building Name: MS Metal Solutions
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2018

Overview / Comments

The 20.66 acre property contains two primary buildings and is located on the SW corner of US-31 (West Olive Rd) and M-45 (Lake Michigan Drive). Building #1 is a 189,010 SF, pre-engineered steel building and Building #2 is a 5,776 SF pole building. The main building has 13,449 SF of overall office area. The main office area is roughly 6,920 SF and is located on the north side of the main building. The smaller building contains approximately 216 SF of office space. In addition, there is a 1,600 SF, unheated pole building on site. The site has roughly 196 feet of frontage on the southern side of Lake Michigan Drive and 1,368 fee of frontage on the western side of the CSX Railroad Line which runs parallel to West Olive Road. Poured concrete slab and footings. The main building is steel-frame construction with steel roof decking on steel joists and purlins. The smaller building is wood pole construction. The warehouse area of the main building is concrete block. The main building roof is a rubberized membrane system and the smaller building has a pitched metal roof. Main building: 9, dock level truck doors with levelers and seals, 2, dock level doors without levelers and seals, one 12' x 14' drive-up, overhead door, one 10' x 12' drive-up overhead door, and three 20' x 12' drive up overhead doors. In addition, there is an internal truck dock that is serviced by five 12' x 14' drive-up overhead doors, one 12' x 12' drive up overhead door and a 10' x 12' dock level door. The smaller building has one, 12'x12' drive-up overhead door. Primarily package heating & cooling. The building is equipped with heavy power and numerous buss bar and air drops. Roughly 3,200 SF of warehouse is air conditioned. Public utilities include natural gas, electric, and water. In addition, the property is serviced by a septic system. Please contact us for dates of additions and building improvements spanning from 1969 - 2003.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Taxing Authority: Grand Haven Township
Tax ID/APN: 70-07-26-100-057
Zoning: I-1-INDUSTRIAL DISTRICT
Property Located Between: Southwest corner of Lake Michigan Drive and West Olive Road.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Average
Roof Type: Flat
Exterior Description: The warehouse area of the main building is concrete block the office portion being EIFS. The smaller building has metal panels.
Parking Type: Surface
Overhead Cranes: Undisclosed
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Interior Description: The main office area is located on the north side of the main building and contains roughly 6,920 square feet. This area consists of an entry vestibule, a reception area, private and open offices, conference rooms, a kitchenette, mechanical and storage rooms, and restrooms. In addition to the main office area there is roughly 6,745 square feet of manufacturing offices located throughout the warehouse area. These areas consist of open and private office areas, lab areas, and break rooms. The smaller building contains 216 square feet of office space. This area consists of a single private office and a restroom.
Zoning Description: I-1 Industrial. Please contact our office for the full zoning ordinance.
Water Service: Municipal
Sewer Type: Septic
Legal Description: PART OF W 1/2 OF NW 1/4 COM ON W SEC LI S 0D 47M 43S E 50.02 FT FROM NW SEC COR, TH S 89D 02M 46S E ALG S R/W LI OF M-45 195.75 FT, S 0D 57M 14S W 49.96 FT, S 89D 02M 46S E 103.7 FT TO W'LY LI OF C&O RR, TH ALG SD W'LY LI S 28D 54M 46S E 130.42 FT, SE'LY 248.55 FT ALG A 8474.3 FT RAD CURVE TO RIGHT (CHD BEARS S 28D 04M 24S E 248.55 FT), TH S 27D 14M 02S E 989 FT, TH S 62D 40M 0S W 505 FT, N 85D 22M 40S W 463.78 FT TO W SEC LI, TH N 0D 47M 43S W ALG SD W SEC LI 1462.42 FT TO BEG. SEC 26 T7N R16W 20.66 A

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,363 7,147 18,064
Median Age: 40.45 39.19 40.09
Households: 459 2,517 6,617

Contact

Photograph of Listing Agent

Todd A. Kamps, CCIM | SIOR

Cherette Properties, LLC CARWM Member
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