Listed by DIRT Realty
$2,197,000
1721 James P Cole
Details
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 37,500
Net Rentable (SqFt) 37,500
Units 1
Cap Rate 6.83%
NOI $150,000
Tenancy Single
Rent Bumps Yes
Price per SqFt $59
Class B
Year Built 1970
Year Renovated 2023
Buildings 1
Stories 1
Zoning heavy industrial
Parking Spaces 25 per unit
Tenant Credit Corporate Guarantee
Ceiling Height 18
Loading Docks 3
Dock High Doors 4
Long Term Tenant - Industrial | 7.52% CAP | 57,267 SF
Marketing description
High cap rate, single tenant NNN industrial with upside. The building has been completely renovated in 2023 with 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 5 year term remaining.
Listing Contacts
Listed by DIRT Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
6.83%
Cap Rate
6.83%
ROI
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