Catylist ID:
#30762403
Catylist Listing ID: | 30762403 |
Property Subtypes: | Light Industrial, Office Showroom, Warehouse/Distribution |
Building Size (RSF): | 37,483 SF |
Gross Building Area: | See Agent |
Gross Land Area: | 4.05 Acres |
Sale Price: | $3,400,000 |
Unit Price: | $90.71 PSF |
Property Use Type: | Investment |
Sale Terms: | Cash to Seller |
Cap Rate: | Undisclosed |
Last Updated: | 5/16/2022 |
Overview / Comments
Fully leased light industrial property in the City of Michigan. 11.39% Cap rate at asking price. $429k+ gross rents 4 buildings total 3 with new roofs Updated mechanicals, new electrical services, separate metered to each tenant on all buildings. New entrance doors and overhead doors throughout |
Additional Details
Nearest MSA: | Lansing-East Lansing |
County: | Ingham |
Taxing Authority: | City of Lansing / Ingham County |
Tax ID/APN: | 33-01-01-04-176-051 |
Zoning: | LIGHT INDUSTRIAL |
Tenancy: | Multiple Tenants |
Total Number of Buildings: | 4 |
Number of Stories: | 1 |
Property Condition: | Good |
Roof Type: | Flat |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 7,900 | 73,117 | 173,555 |
Median Age: | 32.71 | 33.82 | 33.21 |
Households: | 3,081 | 31,796 | 68,298 |
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