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19602064
19602066

1805 James P Cole Blvd, Flint, MI 48503

BW
MI 6502430911
DIRT Realty
Listed by DIRT Realty
$1,350,000
679 days on market
Updated 49 days ago
Opportunity zone

1805 James P Cole

Details
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 19,800
Net Rentable (SqFt) 19,800
Units 1
Cap Rate 8.39%
NOI $113,200
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4.5
Lease Expiration 12/31/2028
Remaining Term 2.6
Rent Bumps Yes
Lease Options none
Pro-Forma Cap Rate 8.67%
Pro-Forma NOI $117,000
Price per SqFt $68
Year Built 1975
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.750
Zoning heavy industrial
Parking Spaces 20 spaces
Parking Per SqFt 1.01
Investment Type Institutional
Tenant Credit Credit Rated
Lease Commencement 07/01/2024
Ground Lease No
Ceiling Height 18
Loading Docks 2
Dock High Doors 2

NNN Single Credit Tenant Industrial | 8.5% CAP | 19,800 SF

Marketing description

8.5 cap rate, single tenant NNN industrial with upside. The building has been completely renovated in 2023 with new roof, LED lighting, dock improvements and fresh paint inside and out. Part of a larger portfolio of industrial park next door to Lear plant and Flint Buick City redevelopment of over 300 acres of new industrial. Below market rent and 4.5 year term remaining. Opportunity Zone!

Investment highlights

8.5 cap rate, single tenant NNN industrial with upside. The building has been completely renovated in 2023 with new roof, LED lighting, dock improvements and fresh paint inside and out. Part of a larger portfolio of industrial park next door to Lear plant and Flint Buick City redevelopment of over 300 acres of new industrial. Below market rent and 4.5 year term remaining. Opportunity Zone!

Listing Contacts

BW
MI 6502430911
DIRT Realty
Listed by DIRT Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,200.00
$9,433.33/mo

Valuation Metrics

0
DSCR
8.39%
Cap Rate
8.39%
ROI

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Additional Information

Name
Bob Waun
License
6502430911
Brokerage
DIRT Realty
Title
Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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