160,000 SF Warehouse / Mfg for Sale

Industrial for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30011816
Property Subtypes: Cold Storage, Free-Standing, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution, General
Status: Pending
Building Size (RSF): 160,000 SF
Gross Land Area: 35 Acres
Sale Price: $1,995,000
Unit Price: $12.47 PSF
Ceiling: 26 ft. / 20 ft. Clear
Docks/Doors: 10 Docks, 4 Doors
Office SF: 16,000 SF
Drive In Bays: 4 Bays
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Kent Power
Usable Size (USF): 160,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 3/21/2019

Overview / Comments

Excellent value for warehouse or light manufacturing in good condition in today's market. This 160,000 square foot facility is located just north of M-37 in Kent City on 35 acres. The facility features 16,000 SF of nicely appointed office space, multiple drive in bay areas, manufacturing areas with 5-ton cranes, and large open storage areas with great column spacing. The facility also features an existing rail spur off of the CSX line between Grand Rapids and Cadillac. Seller will stay on as a tenant and lease approximately 50,000 SF of shop area, or will vacate depending on buyer's needs. There is also an existing third party tenant currently leasing 33,000 square feet and paying $5775/month NNN.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Taxing Authority: Kent City
Tax ID/APN: 41-01-33-105-007
Rail Access: Yes
Site Description: Approximately 35 Acres to be determined by new survey
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1965
Year Renovated: 1996
Construction/Siding: Aluminum Siding, Concrete
Parking Type: Surface
Parking Description: 35 Acres total. Ample parking
Total Parking Spaces: 200
Eave Height: 22
Column Spacing: 40x60
Freight Elevators: 1
Overhead Cranes: 2
Sprinklers: None
Amps: 2,000
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Radiant
Lighting: Fluorescent
Internet Access: Gigabit
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,718 5,069 16,099
Median Age: 31.6 34.56 36.24
Households: 589 1,739 5,745


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