3060 MADISON AVE SE Wyoming MI 49548-1273

This project is now stabilized and will be easy to manage, with my continued assistance for the future.

The owner would be willing to Seller-Finance with a strong buyer at the following terms:

Approximate Terms:
Purchase Price: $1,400,000
Down Payment: $280,000 (20%)
Seller Financing: Balance of $1,120,000 carried by Seller
Interest Rate: 6.00% (amortized over 300 months)
Balloon Payment: 5 years (60 months)

This is a prime example of the type of real estate investment that I Love!

Block building on a slab, with a flat roof that has a rubber membrane roof, in an industrial zone. Rock Solid investment with very little required of the Landlord and no need to renovate.

Add value by increasing the rents over time, when the opportunity allows.

Blue Rock Commercial Real Estate is pleased to present this fully leased property with a Value Add opportunity.

Welcome to 3060 Madison Ave SE! This impressive 18,746-square-foot building is now available for sale at an unbeatable price of $850,000. It features Six Tenants, most of which are long term. The leases are Gross Rents and preposterously under market rates.

There is a significant upside opportunity to increase rents and transfer expenses to Tenants as leases renew. The building also includes 46 parking spaces, ensuring ample parking for clients and employees. Plus, its prime location near 28th Street (main regional retail corridor) and Roger B Chaffee Memorial Industrial corridor, offers excellent visibility and easy access for both locals and visitors.

The opportunity to significantly increase average rents is by adding two overhead doors, which would classify the building as Small Bay Industrial, which has much higher market rents.

Convenient location, ample parking, and spacious. Offered for sale at less than replacement cost with current cash flows.

Value Add Opportunity!

The rents on the warehouse spaces are shockingly under market rates. Asking rents on the same street in similar warehouse space is $9/SF NNN.

The value add is simply to change some of the leases to NNN and at market rates.

As the leases expire convert the office spaces to warehouse.