100 Harbor Dr - Manufacturing FOR SALE
Charlevoix, MI 49720 |
$17,516,888 USD
858-373-3184
100 Harbor Dr
Charlevoix, MI 49720
HIGHLIGHTS
- Long-Term Absolute Net Lease, featuring Above-Market 3.5% Annual Rental Increases throughout the Initial Term and all Option Periods.
- Location Utilized as an Office, Manufacturing, and Warehouse Facility.
- Harbor Industries, Founded in 1946, Operates a Design-through-Delivery Model, Combining Research, Design, Technology, Custom Manufacturing, and more.
- Institutional Scale, Rarely Traded - 305,000 Square Feet on 14.82 Acres Delivers a Footprint that Almost Never Comes to Market North of Traverse City.
- Regional Population Growth - the Traverse City MSA Grew 5.6% between 2014 and 2024 to Roughly 157,000 Residents.
- US-31 Regional Corridor Frontage - Charlevoix Sits Directly on US-31, Northern Michigan’s Primary North-South Commercial Artery.
OVERVIEW
Harbor Industries | 20 Year Absolute Net Lease | Favorable 3.5% Annual Increases | Large Land Lot | National Manufacturer of Custom Retail Environments | Immediate US-31 Access - Northern Michigan’s Primary Artery | One-Day Truck Reach to Major Markets | Deepwater Great Lakes Port Heritage | Regional Population Growth | Direct Adjacency to Charlevoix Municipal Airport
Michigan Broker of Record: Paul Kerber | Two Towne Square, Ste. 450 Southfield, MI 48076 | P: (248) 415-2600 | Lic #: 6502433613 | Paul.Kerber@Marcus&Millichap.com
FOR SALE DETAILS
PRICE
$17,516,888 USD
PRICE/SF
$57 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NATIONAL RETAIL MFR | NNN | 3.5% ANNUAL BUMPS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
ADD'L SUBTYPES
Freestanding, Distribution, Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
UTILITIES
Lighting - undefined, Water - County, Sewer - County
CLEAR CEILING HT
32 Ft
DOCKS
8
DRIVE INS
3
PARKING SPACES
48
LAND DETAILS
LAND ACRES
15.12
LAND SF
658,627
ZONING
I
APN/PARCEL ID
052-234-020-10
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858-373-3184
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858-373-3184
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