James Jame
Listed by James Jame
$5,693,000
Mfg & Logistics
Details
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 111,121
Net Rentable (SqFt) 111,121
Cap Rate 6.23%
NOI $354,514
Tenancy Multi
Lease Type NNN
Price per SqFt $51
Class A
Year Built 1991
Year Renovated 2012
Acreage 9.000
Investment Type Net Lease
Ceiling Height 24
Loading Docks 5
Dock High Doors 5
Industrial | 6.23% CAP | 111,121 SF
Marketing description
TWO TENANTS
One occupies 76% of the building and just sigend a 5 year lease with 3.2% annual increases and a 5 year renewal option.
One occupies 24% of the building and just sigend a 3 year lease with 3.2% annual increases.
5 year old roof with a 20 year warrranty
Overhead Cranes
Truck Loading Docks
Large Parking Lots
Multiple Bathrooms
Administration Offices
Two Primary Transformers
3-Phase 480V Detroit Edison
Compressed Air System / Instrument Air
Sits on 9 Acre Corner Lot
Industrial Setting
Listing Contacts
James Jame
Listed by James Jame
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$354,514.00
$29,542.83/mo
Valuation Metrics
0
DSCR
6.23%
Cap Rate
6.23%
ROI
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Property History
Tax History
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