Net Leased Industrial Investment

Industrial for Sale
Catylist Listing ID: 30527622
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 19,100 SF
Gross Building Area: See Agent
Gross Land Area: 4.28 Acres
Sale Price: $1,200,000
Unit Price: $62.83 PSF
Ceiling: 20 ft. / 18 ft. Clear
Docks/Doors: 2 Docks, 2 Doors
Office SF: 3,793 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN)
Building Name: Renishaw
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 8.1%
Last Updated: 7/11/2020

Overview / Comments

Standalone 19,100 SF industrial building on 4.24 acres located minutes from US-31 in Grand Haven. Built in 1986 and added onto several years later in 1992 and 2012. There are approximately 15,307 SF of industrial / manufacturing / warehouse space with 20'x40' column spacing and approximately 3,793 SF of well-appointed office space. The building provides 18' clear heights, two (2) drive in doors and two (2) dock doors with levelers accessible via a paved turnaround area in the parking lot. The building is expandable by an additional 45,350 SF.

R&R Sales, LLC currently leases the entire facility through April 25, 2024.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Taxing Authority: City of Grand Haven
Tax ID/APN: 70-03-34-301-006
Property Located Between: Hayes Street and Comstock Street
Highway Access: US-31
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 19,100 SF
Property Condition: Good
Year Built: 1986
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Metal/Glass
Parking Type: Surface
Column Spacing: 20'x40'
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 400
Volts: 480
X-Phase: 3-Phase
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Lighting: Fluorescent
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,804 29,530 40,522
Median Age: 42.47 41.54 41.66
Households: 1,349 11,926 16,329


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.