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$ 4,300,000
Est. payment | /mo
58,960 SqFt
$ 4,300,000
Est. payment | /mo
58,960 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 58,960 sqft
Price per Sqft $72
MLS Listing ID 78080066383
Year Built 1953
Lot Size 3.460 Acres
Acres 3.46
Property Description
100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 7.8% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
Location
State MI
County Grand Traverse
Area Area28041Garfieldtwp
Interior
Heating Forced Air, Natural Gas, Space Heater
Fireplace No
Exterior
Parking Features ParkingLot
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Other, Trade1031Exchange
Listing Terms Cash, Other, Trade1031Exchange
Special Listing Condition Standard
Virtual Tour https://tours.bluelavamedia.com/s/-367
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Listed by Daniel J Stiebel of Coldwell Banker Schmidt Traverse City