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
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

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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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