Kelvinator Industrial Complex
Industrial | 10.79% CAP | 492,196 SqFt
Marketing description
Unique Income and Redevelopment opportunity of 32 acres of I-2 Heavy Industrial in the City of Wyoming, near U.S. 131 highway. Supportive in-place NNN rent revenue from 10+ tenants with potential to expand and redevelop the entire campus with over 2,400 feet along Clyde Park. Contact Eric Trierweiler to learn more about the Income, Expenses and Renovation potential. Preliminary redevelopment site utilization suggests up to 450,000 to 475,000 total square feet.
Industrial Investment Property. Stabilized income and ready for Expansion & Redevelopment. Contact Eric Trierweiler to learn more about the Income, Expenses and Renovation potential.
Investment highlights
Excellent Investment opportunity with NNN rent format and low Occupancy Costs / Recoverable expenses at just over $1.00 per square foot per year. Tenant spaces vary from Manufacturing to Warehousing. Tenant’s pay their own sub-metered Utilities and monthly share of Operating Expenses. Some leases are below market rent.
Seller has prepared its preliminary redevelopment plan including updated Survey, Soil Borings, Site Utilization and Traffic Study. The municipality is ready to collaborate on Brownfield, IFT and planning!
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