Airpark Drive
Industrial
for Sale
| Catylist Listing ID: |
30785558 |
| Property Subtypes: |
Industrial-Business Park
|
| Building Size (RSF): |
20,345 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
4 Acres
|
| Sale Price: |
$1,650,000 |
| Unit Price: |
$81.10 PSF |
| Ceiling: |
16 ft. |
| Docks/Doors: |
2 Docks |
| Drive In Bays: |
1 Bay |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
9.0% |
| Last Updated: |
5/30/2023 |
Overview / Comments
|
Airpark Drive. Triple net lease to General Motors. Renewed in 2004 for an additional 5 years. 9% Cap rate. Tenant pays all expenses.
|
Additional Details
| Nearest MSA: |
Flint |
| County: |
Genesee |
| Submarket Type: |
Airport District |
| Tax ID/APN: |
4034100022 |
| Zoning: |
INDUSTRIAL |
| Market Type: |
Large |
| Road Type: |
Paved, Private |
| Transportation: |
Highway, Airport |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick/Aluminum Siding |
| Parking Type: |
Surface |
| Overhead Cranes: |
Undisclosed |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,474 |
46,818 |
135,672 |
| Median Age: |
38.09 |
38.01 |
36.92 |
| Households: |
594 |
19,776 |
55,656 |
|
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|
