379 Lake Michigan Dr NW - Manufacturing FOR SALE


Grand Rapids, MI 49534- Tallmadge/Wright/Chester/Polkton
$3,184,615 USD
586-945-9960
379 Lake Michigan Dr NW, Grand Rapids, MI for Sale
$3,184,615 USD
Manufacturing - FOR SALE
1/11
null | 6.63% Cap Rate

379 Lake Michigan Dr NW
Grand Rapids, MI 49534
Tallmadge/Wright/Chester/Polkton


HIGHLIGHTS

  • 12-Year Absolute NNN Lease | ZERO Landlord Responsibilities
  • 2% Annual Rent Increases with Two, 5-Year Renewal Options
  • Fireboy-Xintex is known for its advanced fire detection and suppression technologies
  • USSC Acquired Fireboy in 2021
  • Fireboy-Xintex has 34 Year Operating History
  • Lease Guaranteed by United Safety & Survivability Corporation (USSC)

OVERVIEW

Fortis Net Lease is pleased to present Fireboy-Xintex located at 379 Lake Michigan Drive NW, Grand Rapids, MI. This 22,292 square feet manufacturing facility is situated on a 1.65 acres land. A corporate guaranteed (USSC Acquisition Corp.) absolute NNN lease with zero landlord responsibilities and two, 5-year renewal options. There will be 2.0% annual rent increases to hedge against inflation. Fireboy-Xintex's, which was acquired by United Safety & Survivability Corporation in September 2021, focuses on specialized fire safety solutions for marine and vehicle applications makes them a trusted name in the industry. Their products play a crucial role in preventing fires, protecting lives, and minimizing damage in environments where fire hazards are particularly challenging to manage.

FOR SALE DETAILS

PRICE

$3,184,615 USD

PRICE/SF

$143 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Safety & Survivability Corp

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

UTILITIES

Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

24 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.65

LAND SF

71,874

ZONING

I

APN/PARCEL ID

70-10-24-400-072

ASK ABOUT THIS PROPERTY

Doug PassonFortis Net LeaseMore Info
586-945-9960

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Doug PassonFortis Net LeaseMore Info
586-945-9960

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