1809 Industrial Park Drive

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), Vacant/Owner-User
Building Name: Renishaw
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 9.4%
Last Updated: 12/6/2019

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. The tenant is moving out of the facility in early 2020 to Norton Shores, affording the ability for a user to occupy the building at an estimated date of May 1, 2020. Lease termination has yet to be negotiated; the ability to lease the facility or occupy the facility starting 5/1/20 is subject to the lease termination.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Taxing Authority: City of Grand Haven
Tax ID/APN: 70-03-34-301-006
Zoning: INDUSTRIAL
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

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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

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