11700 S 48th Ave - Distribution FOR SALE


Allendale, MI 49401- Allendale/Olive/Port Sheldon
$23,000,000 USD
616-327-2616
11700 S 48th Ave, Allendale, MI for Sale
$23,000,000 USD
Distribution - FOR SALE
1/16
null | Request Cap Rate

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11700 S 48th Ave
Allendale, MI 49401
Allendale/Olive/Port Sheldon


OVERVIEW

The building at 11700 48th Avenue in Allendale, MI is a 335,346 industrial building on 37.90 acres of land. The facility is located just north of Lake Michigan Drive and Grand Valley State University. The entire building encompasses 335,346 SF with 14,346 SF office, most with a full concrete mezzanine, two cafeterias, 11 docks with levelers, seals and electronic openers, 4 drive-in-doors, 21’-45’ clear heights, 4,000 amps of 480v/3-phase power and 25’x50’ column spacing. Approximately 112,500 SF of the facility was constructed in 2016 and features state-of-the art 45’ clear height space with ESFR sprinkling affording tremendous cubic square footage. The building is fully leased through January 31, 2027. The current tenant has no renewal options.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$69 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

1991

UTILITIES

Lighting - Fluorescent, Gas, Water, Sewer, Heating - Gas

CLEAR CEILING HT

45 Ft

DOCKS

11

DRIVE INS

4

PARKING SPACES

308

LAND DETAILS

LAND ACRES

37

LAND SF

1,611,720

ZONING

Industrial

APN/PARCEL ID

70-10-19-100-032

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 Notice.