1961 Base Ave - Warehouse FOR SALE


Springfield, MI 49037
$5,750,000 USD
248-821-7722
1961 Base Ave, Springfield, MI for Sale
$5,750,000 USD
Warehouse - FOR SALE
1/33
null | 6.83% Cap Rate

1961 Base Ave
Springfield, MI 49037


HIGHLIGHTS

  • Fully occupied building with little room for paying clients files. Tenant has renewed every five years for the past 30 years.

OVERVIEW

Credit tenant has occupied the building for 20 years and recently signed a five year extension. The building is 95% to capacity and it's their largest storage facility in the state. Tenant has CBRE managing the building where the landlord maintains the roof, elevator parking lot repairs.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

6.83%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1955

UTILITIES

Lighting, Gas, Water, Sewer

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.94

LAND SF

258,746

ZONING

I-1

APN/PARCEL ID

54-001-200-00

ASK ABOUT THIS PROPERTY

Chuck HowardTranswestern Real Estate ServicesMore Info
248-821-7722

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Chuck HowardTranswestern Real Estate ServicesMore Info
248-821-7722

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