14638 Apple Dr - Manufacturing FOR SALE
Fruitport, MI 49415 |
14638 Apple Dr
Fruitport, MI 49415
HIGHLIGHTS
- The property is 100%-leased to Shipston Aluminum through early 2038 on an absolute net basis.
- In 2017, Shipston Aluminum completed a 55,000-square-foot expansion to this facility, and they have a separately signed guarantee of their lease.
- Shipston Aluminum has occupied the facility since 2008 and has a lease that extends to 2038, showcasing the tenant’s commitment to this facility.
- Excellent location less than two miles from I-96, which connects Grand Rapids, Lansing, and Detroit.
- The facility boasts the latest aluminum and magnesium forging and robotic manufacturing technology to meet the automotive industry's needs.
- The 23.52-acre property allows for future expansion in the Grand Haven-Ferrysburg submarket, which posted a vacancy rate of 2.3% as of May 2021.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Shipston Aluminum Technologies
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1974
UTILITIES
-
CLEAR CEILING HT
34 Ft
DOCKS
7
DRIVE INS
3
PARKING SPACES
320
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
70-03-01-200-025
