5500 Executive Pky SE - Distribution FOR SALE


Grand Rapids, MI 49512
$7,000,000 USD
616-327-2616
5500 Executive Pky SE, Grand Rapids, MI for Sale
$7,000,000 USD
Distribution - FOR SALE
1/7
null | Request Cap Rate

5500 Executive Pky SE
Grand Rapids, MI 49512


OVERVIEW

The building located at 5500 Executive Pkwy SE is a state-of-the-art industrial facility with a professional corporate image centrally located in the popular and high demand Airport Area submarket, just minutes from highways M-6 and I-96. The building, constructed in 2019, is 56,000 SF on 6.63 acres of land. The property has no deferred maintenance and has been extremely well maintained. Features include solar panel electric generation, ESFR fire suppression, two (2) EV charging stations, 26’-30’ clear heights, six (6) docks, two (2) drive-in-doors, LED lighting, six (6) 18' circulating fans, 1,200 amps of power and 67’x30’ column spacing. There are 4,500 SF beautifully appointed office space in the front of the building with a 2,000 SF professionally finished mezzanine (not included in the building square footage). With 38,990 SF available for occupancy 60-90 days after closing, and 17,010 SF leased out through June 30, 2028, the building is uniquely positioned to be purchased by an owner-occupant or investor benefiting from the in-place income.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

UTILITIES

-

CLEAR CEILING HT

28 Ft

DOCKS

6

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.7

LAND SF

291,852

ZONING

PUD

APN/PARCEL ID

41-19-31-200-055

ASK ABOUT THIS PROPERTY

Tim Van Noord, SIORAdvantage Commercial Real Estate Services LLCMore Info
616-327-2616

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Tim Van Noord, SIORAdvantage Commercial Real Estate Services LLCMore Info
616-327-2616

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