Investment property

Special Purpose for Sale
Catylist Listing ID: 30655988
Property Subtypes: Saw Mill/Lumberyard
Building Size (RSF): 48,288 SF
Gross Land Area: 4.26 Acres
Sale Price: $650,000
Ceiling: 14 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.9%
Last Updated: 10/16/2021

Overview / Comments

Lumber Warehouse Distribution. NNN lease. (3.5 years) with an additional 5 year option for renewal. Shows a good return. The land next to the building has enough room to build storage facilities. Great investment possibilities.


Finance Data Year 2020
Potential Rental Income $51,966 (Annual)
Net Operating Income $51,966 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Standard Lumber Company
Is Renting? Yes

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: Montague
Tax ID/APN: 02-016-400-0001-00
Zoning: C-COM
Largest Nearby Street: Highway 31
Highway Access: US 31
Site Description: Lumber warehouse distribution
Total Number of Buildings: 7
Number of Stories: 1
Property Condition: Good
Year Built: 1960
Roof Type: Gambrel
Construction/Siding: Aluminum Siding
Parking Type: Structure
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Other
Interior Description: showroom warehouse
Zoning Description: commercial
Easements Description: Of record
Legal Description: LL in LO/Ao

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,600 10,133
Median Age: 40.53 41.99
Households: 2,315 4,068


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