

1961 Base Avenue
Industrial | 6.83% CAP | 112,500 SF
Marketing description
The Offering
Chuck Howard of Transwestern is pleased to exclusively offer this five (5) year net leased industrial warehouse investment for sale to qualified investors.
Occupied by Iron Mountain Incorporated (NYSE: IRM) who for more than 70 years has been a strategic partner to care for information and assets. A global leader in storage and information management services and trusted by more than 225,000 organizations around the world, including 95% of the Fortune 1000.
This facility is located in Springfield Twp., (Battle Creek), MI in Calhoun Counter of Southwest Lower Michigan. The site is perfectly situated off of I-94 and near I-69 to receive client storage from Detroit, Lansing, Grand Rapids, Kalamazoo, and Battle Creek.
Iron Mountain has occupied the premises for 20 years and recently signed its fifth, five-year lease extension. Iron Mountain purchased another document storage company who occupied the building since 1989.
Investment Highlights
· Five (5) Year net lease with three percent (3%) annual rent increased and six, 5-year options at market rates. Occupancy estimated at 90%.
· Cold war era building providing the perfect space for secure storage.
· Highly functional building with ceiling heights of 13’-20’ and four (4) massive 1600-amp 600-volt circuit breakers
· Iron Mountain Incorporated is publicly held (NYSE: IRM)
Investment highlights
The 2024 rent is $424,875.00 which increases 3% annually for next four years.
Listing Contacts


Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?

































