1451 M-40 - Unit 100

Industrial for Lease
Catylist Listing ID: 30781954
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Contiguous Space: 127,500 SF
Building Size (RSF): 337,500 SF
Gross Land Area: 15.15 Acres
Lease Rate: $4.50 PSF (Annual)
Base Monthly Rent: $47,812
Lease Types: NNN
Ceiling: 24 ft.
Docks/Doors: 12 Docks, 2 Doors
Office SF: 2,034 SF
In Opportunity Zone? Yes
Last Updated: 1/22/2022

Overview / Comments

This Holland warehouse space is located just off I-196 near Hayworth and the M-40 exit. The facility has 127,500 square feet available. The suite is currently used for food grade quality storage purposes and is immaculately clean. It will be in move-in condition upon the exit of the existing tenant.
The existing office is a nice open area with separate restrooms and breakroom for employees.

1. Landlord to approve Tenant, Tenant's use and credit.

2. Comm SA/BA: 3% yrs 1-5; 1.5% yrs 6-10 of base term, none thereafter, TC: 0%. No comm paid on extensions, options, renewals or expansions. Comm paid upon Tenant receiving certificate of occupancy and receipt of security deposit and first month's rent and delivering Tenant Estoppal letter.

3. This space may or may not be subject to an existing Right of First Refusal. Please contact listing agent for details. If an offer triggers the Right of First Refusal a commission will not be paid to the Broker procuring the offer triggering the Right of First Refusal.

4. No commissions will be paid for owner's existing tenants being relocated or expanding from owner's other West Michigan buildings except as otherwise agreed to between the parties.

Expand All Available Space

Suite: E 127,500 SF $4.50 PSF (Annual) NNN
Level/Floor: 1
Space Available: 127,500 SF
Lease Rate: $4.50 PSF (Annual)
$47,812 (Monthly)
Lease Type: NNN
Space Description: Subject to Landlord's approval of Tenant, Tenant's use and credit.
Date Available: 7/1/2022
Lease Term: 60 Months
Space Type: Relet
CAM Expenses $1.04 PSF (Annual)
Ceiling 24 ft. Clear
Loading Docks 12
Loading Doors 2
Office Space 2,034 SF

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Taxing Authority: City of Holland
Tax ID/APN: 03-02-10-100-007
Zoning: I-2 INDUSTRIAL
Property Located Between: I-196 and Waverly Rd
Highway Access: 0.25 Miles to I-196 and 1.78 Miles to US-31
Airports: Gerald R Ford International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1995
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: On-Site
Column Spacing: 25' x 50'
Overhead Cranes: Undisclosed
Amps: 400
Volts: 480
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Metal Halide
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,520 35,051 75,552
Median Age: 30.83 34.39 36.27
Households: 569 12,445 27,709

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