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21426836
21398497

1721 and 1805 James P Cole Blvd, Flint, MI 48503

BW
MI 6502430911
DIRT Realty
Listed by DIRT Realty
$2,950,000
483 days on market
Updated 30 days ago
Opportunity zone

NNN Industrial Opportunity

Details
APN 41-06-452-021
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 57,267
Cap Rate 9.65%
NOI $284,750
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 9.2
Lease Expiration 06/15/2030
Remaining Term 4
Rent Bumps Yes
Pro-Forma Cap Rate 10%
Pro-Forma NOI $295,000
Price per SqFt $52
Year Built 1970, 1975
Year Renovated 2023, 2024
Buildings 2
Stories 2
Acreage 4.900
Zoning GI-2 Green Innovation
Parking Spaces 45 spaces
Parking Per SqFt 0.79
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/15/2021
Occupancy Date 03/15/2021
Ground Lease No

Strategically located within the Metropolitan Flint Market

Marketing description

Presenting a lucrative opportunity in Flint, MI, the James P Cole Industrial Property boasts 57,267 SF in two buildings on a spacious 4.9 acre lot. This NNN industrial property offers significant potential for growth and return on investment. Rejuvenated in 2023 with LED lighting, new roofs, and dock enhancements, both 1721 and 1805 James P Cole Blvd provide a solid foundation for a successful lease. Each building features below-market rent opportunities with remaining terms of 3 years and 4.5 years, respectively.

Moreover, being located in an Opportunity Zone adds to the investment appeal of this industrial gem. Furthermore, Ashley Capital has made a significant investment to redevelop the Former Buick City property immediately north of James P Cole. The site know as the “Flint Commerce Center” industrial park is expected to have 3.5 million square feet of space. The 1st of 10 proposed buildings opened in 2024 containing 330,000 SF. The buildings cater to various industrial needs with heavy industrial zoning, 5 loading docks, and a ceiling height of 18 feet. Don't miss out on this chance to acquire a well-maintained, income-producing asset with a strong tenant base in place. Join us at the upcoming auction starting on March 24 - seize the opportunity to grow your portfolio with the James P Cole Industrial Property!

1721 and 1805 James P Cole Blvd, Flint, MI 48503


Investment highlights

  • NNN Lease Type

  • Heavy Industrial Zoning

  • Recently Renovated in 2023. Fresh Paint Inside and Outside Building

  • Opportunity Zone

  • Strategically located within the Metropolitan Flint Market

  • Just 5 miles north of the Flint GM Plant and Bishop Airport with each access to I-475, I-69, and I-75

Listing Contacts

BW
MI 6502430911
DIRT Realty
Listed by DIRT Realty

Map

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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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