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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