Listed by Summit Realty Services LLC
$795,000
Lentz Ct Office and Warehouse Fully Leased 9.82% CAP RATE
Details
APN 33-21-01-18-451-002
Property Type Industrial, Office
Sub Type Distribution, Flex
Square Footage 10,048
Cap Rate 10.21%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 05/31/2028
Remaining Term 3
Rent Bumps Yes
Year Renovated 2018
Buildings 1
Stories 1
Lot Size (SqFt) 0.51
Zoning G-General
Investment Type Net Lease
Ground Lease No
Ceiling Height 11
Loading Docks 1
Dock High Doors 1
Industrial Flex Building Investment Opportunity
Marketing description
10.21% CAP RATE
Introducing an incredible investment opportunity at 419 Lentz Ct, Lansing, MI 48917!
This versatile property boasts a spacious 10,048 square feet of light industrial, retail, and flex space warehouse. With two suites that are separate or can be combined.
Suite A (7,948 sq ft) is currently leased to a National Tenant on an NNN Lease with three years remaining on a five year lease, this is their second option period.
Suite B (2,100 sq ft) is Leased to an E-Commerce company. Modern features include a new bathroom, service door, and LED lighting with motion sensors.
Features include a loading dock, roll-up doors, Offices, Conference room, Showroom and 480 Volt 3-Phase Electric, this property is well-equipped for various business needs. Renovations in recent years include a newer roof, high-efficiency furnaces, and upgraded lighting throughout. The premises also offer a generous parking lot with freshly laid asphalt, ensuring convenience for both tenants and clients. Don't miss the chance to own this promising property, poised for growth and success in West Lansing's thriving commercial landscape.
https://site.windowstill.com/419-Lentz-Ct
Seller is a State of Michigan Licensed Real Estate Broker
Investment highlights
National Tenant, NNN Lease with three years remaining on their second option peirod, financials available upon execution of an NDA.
Suite B is leased to an E-commerce company.
Thriving West Lansing Industrial market opportunity, Close to Highway 496 and Waverly road
Excellent Long term potential income
Flexibile Building uses
Lease and Financials upon an executed NDA
Listing Contacts
Listed by Summit Realty Services LLC
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