Commercial-Industrial Buildings For Sale

Industrial for Sale
Catylist Listing ID: 30400927
Property Subtypes: Manufacturing, Mixed Use, Light Industrial, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 22,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.01 Acres
Sale Price: $935,000
Unit Price: $42.50 PSF
Ceiling: 16 ft. / 12 ft. Clear
Docks/Doors: 1 Dock, 8 Doors
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/24/2019

Overview / Comments

Excellent investment opportunity in Nunica just one mile west of I-96. This 2-acre property contains two, multi-tenant industrial buildings totaling 22,000 SF. First building is 12,000 SF and second is 10,000 SF and include a total of eight overhead doors, one loading dock/drive-in bay and five offices. Fully leased with long-term tenants, easy access and ample parking.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $11,452 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Taxing Authority: Crockery Township
Tax ID/APN: 70-04-16-300-024
Zoning: LIGHT INDUSTRIAL
Property Located Between: M-40 and Dickinson St.
Highway Access: One mile west of I-96.
Site Description: Excellent location and access just off M-104 and I-96.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1985
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Ample on-site parking.
Overhead Cranes: Undisclosed
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Central
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: The intent of the I-1 Light Industrial District is to provide areas for the manufacture, assembly, compounding, and treatment of articles or materials; distribution warehouses; and similar uses. The regulations for the I-1 District are intended to establish values in the Township and to protect the investment of the community and industries occupying improved sites. To these ends, development is controlled so that uses are carried out in an unobtrusive manner and are compatible with surrounding agricultural, residential, or commercial areas.
Lot Frontage: 300
Lot Depth: 300
Water Service: Municipal
Sewer Type: Septic
Legal Description: PART OF E 1/2 OF SW 1/4 COM N 89D 51M 18S W 1334.87 FT & N 0D 59M 49S E 324 FT FROM S 1/4 COR TH N 0D 59M 49S E 296 FT, S 89D 51M 18S E 330 FT, S 0D 59M 49S W 296 FT, TH N 89D 51M 18S W 330 FT TO BEG. SEC 15 T8N R15W 2.24 A

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,073 34,349
Median Age: 40.84 41.26
Households: 2,746 13,235

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