1253 Industrial Ave - Freestanding FOR SALE


Holland, MI 49423
$1,295,000 USD
616-776-0100
1253 Industrial Ave, Holland, MI for Sale
$1,295,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

1253 Industrial Ave
Holland, MI 49423


OVERVIEW

The property located at 1253 Industrial Ave is a rare find in today's market offering a truck or trailer service facility with excess parking. The property is fully fenced and be used for a wide variety of alternative uses. The facility is in good condition and has a second floor office space for additional useable square footage. The property is a rare find in today's market and will not last long. SALE SUBJECT TO RESTRICTIVE COVENANT ON FUTURE USE, SEE BELOW. Neither the property nor any portion thereof shall be used as, and Buyer specifically covenants with Seller not to directly or indirectly use the Property or any portion thereof, as or to permit the Property or any portion thereof to be used for : (i) a full service vehicle leasing and/or a commercial or consumer vehicle rental facility, (ii) the provision of third party logistics services, (iii) third party vehicle maintenance; provided, however, and for avoidance of doubt, this restriction shall not apply to maintenance of Buyer's own vehicles, or (iv) the sale of used vehicles, in any case by Buyer or its successors or assigns, or by any of their respective tenants, employees, affiliates, or independent contractors, or any of their respective successors.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penske Truck Leasing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.72 AC

LAND SF

161,913 SF

ZONING

I-2

APN/PARCEL ID

53-02-09-100-037

ASK ABOUT THIS PROPERTY

Stuart KingmaNAI Wisinski of West MichiganMore Info
616-776-0100

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Stuart KingmaNAI Wisinski of West MichiganMore Info
616-776-0100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.