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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23486050
23488244

700 S. Hosmer Street, Lansing, MI 48912

PB
MI MI 6502115574
Burger & Company
NB
MI 6506049079
Burger & Company
Listed by Burger & Company
$4,217,214
379 days on market
Updated 120 days ago
Opportunity zone

700 S. Hosmer Street

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 51,340
Cap Rate 6.50%
NOI $276,379
Occupancy 100%
Tenancy Single
Lease Type Net
Rent Bumps Yes
Price per SqFt $82
Year Built 2005
Buildings 1
Stories 1
Acreage 4.800
Zoning DT-2
Investment Type Net Lease
Ground Lease No
Ceiling Height 22’
Loading Docks 16
Dock High Doors 2

51,340 sq ft Industrial Space on Hosmer

Marketing description

For Sale

Investment highlights

  • Available Space: 51,340 SF
  • Office Size: 5,000 SF
  • Net Operating Income: $276,378.60/6.50% Cap Rate
  • New Five (5) Year Net Lease with Two (2) Three (3) Year Options to Renew
  • Tenant Has 100’s of Locations Across North America and a Net Worth Between $4-5 Billion Dollars!
  • Tremendous Location at the Pennsylvania/I-496 Interchange (Exit 7)
  • Large Showroom, Customer Will Call Area, and Offices Recently Remodeled
  • Dock Shelters, Load Levelers, and Paved, Lit, Drained, & Fenced Yard

Listing Contacts

PB
MI MI 6502115574
Burger & Company
NB
MI 6506049079
Burger & Company
Listed by Burger & Company

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$276,378.60
$23,031.55/mo

Valuation Metrics

0
DSCR
6.55%
Cap Rate
6.55%
ROI

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Additional Information

Name
Paul Burger
License
MI 6502115574
Brokerage
Burger & Company LLC
Title
Real Estate Broker
Brokerage Address
38345 West 10 Mile Road
Name
Nicolo Burger
License
6506049079
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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