Cannabis processing plant Multi-tenant

Industrial for Sale
Catylist Listing ID: 30400924
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 26,400 SF
Sale Price: $992,500
Unit Price: $37.59 PSF
Ceiling: 18 ft.
Docks/Doors: 8 Docks, 8 Doors
Drive In Bays: 8 Bays
Property Use Type: Net Leased Investment (NNN)
Building Name: n/a
Usable Size (USF): 26,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/23/2019

Overview / Comments

Located in an area that has approved cannabis processing. This building has been occupied by Magna since it was built over 10 years ago. current lease about 6 month into a new lease.
built as a Multi-Tenanted facility,Steel industrial, 8 units each with an overhead, glass entry brick fascia. some have truck wells. sits on 6 plus acres lots of room to expand.,
City of Newaygo and the right Place have announced a new multi-million dollar processing plant to be built next door.

Current Tenants

Tenant Business Name Magna
Industry Type Manufacturing
SF of Space Occupied 26,400 SF
Tenant Business Name Magna
Industry Type Manufacturing
SF of Space Occupied 26,400 SF

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Newaygo
Taxing Authority: city of Newaygo
Tax ID/APN: 62-19-19-400-015
Property Located Between: Clay and division
Highway Access: M-37 1.5 miles
Site Description: City of Newaygo Industrial Park, Now full.
Area Description: industrial park.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Construction/Siding: Modular
Exterior Description: Brick Fascia, glass entry doors, glass window
Parking Type: Surface
Eave Height: 22
Overhead Cranes: Undisclosed
Heat Type: Natural Gas
Heat Source: Ceiling Units
Internet Access: Cable
Interior Description: clear span
Zoning Description: industrial park
Lot Frontage: 373 aproix.
Lot Depth: 885' aproix
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: llc

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,204 3,451 10,579
Median Age: 29.52 37.2 40.6
Households: 443 1,347 3,909


Photograph of Listing Agent

Robert Ortman

Resource Realty LLC
CARWM Member
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