Industrial Sale/Leaseback

Industrial for Sale
Sale Pending
Catylist Listing ID: 30184449
Property Subtypes: Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 100,060 SF
Gross Building Area: See Agent
Gross Land Area: 3.66 Acres
Sale Price: $1,400,000
Unit Price: $13.99 PSF
Ceiling: 20 ft. / 16 ft. Clear
Docks/Doors: 2 Docks, 2 Doors
Property Use Type: Business
Building Name: IntraCity Dispatch
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/17/2018

Overview / Comments

An exceptional investment opportunity to acquire a 100% interest, providing investors with a stable return over the next 10 years based on a long-term sale/leaseback transaction. The subject property is located in Muskegon County with convenient access to the primary thoroughfare US31 connecting to interstates 96 and I96. The property consists of a 3.7-acre site occupied by a 100,000 SF industrial building. The building is currently fully leased for warehousing and light assembly operations.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Tax ID/APN: 6126185202000100
Zoning: SUD
Property Located Between: Riordan and Howden
Highway Access: US31
Airports: Muskegon Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1967
Construction/Siding: Block
Parking Type: Surface
Overhead Cranes: Undisclosed
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Lot Frontage: 266
Lot Depth: 600
Water Service: Municipal
Sewer Type: Municipal
Legal Description: HT3010 ENTIRE BLK 202

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,857 69,007 106,254
Median Age: 31.16 36.28 37.52
Households: 3,997 26,367 40,989


Photograph of Listing Agent

Bryan D. Bench

CORE Realty Partners
CARWM Member
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