Safe Harbor Warehouse
Industrial | Mixed Use | 7.66% CAP | 18,037 SqFt
Marketing description
Safe Harbor Warehouse presents a stabilized industrial investment opportunity in the highly desirable Traverse City market, offering 100% physical and economic occupancy across a diversified multi-tenant rent roll. The 16,915 rentable square foot asset generates strong in-place cash flow with current rents below market, creating a clear path for future NOI growth through lease renewals and rate adjustments. Investors benefit from flexible industrial zoning, proximity to Cherry Capital Airport and downtown Traverse City, and durable demand drivers supporting long-term tenancy. With attractive initial returns, value-add upside, and a high demand location the offering delivers a compelling risk-adjusted investment profile.
Investment highlights
• Fully leased multi-tenant building
• Flexible Industrial Zoning
• Close proximity to downtown Traverse City and Cherry Capital Airport
• Under market rents
• Can purchase nearby 1.78 acre lot for an additional $300,000
• MSA of over 150,000 people and continuing to grow
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