Fully Leased investment Warehouse

Industrial for Sale
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: $3,500,000
Unit Price: $93.38 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2021

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

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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

Contact

Photograph of Listing Agent

Matthew Wisniewski, CCIM

RE/MAX COMMERCIAL GROUP CPIX Member
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