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 |
| Ceiling: | 16 ft. |
| Drive In Bays: | 1 Bay |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/16/2022 |
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 |
| Overhead Cranes: | Undisclosed |
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 |
| © Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
