1480 SW Bayshore Dr - Industrial FOR SALE
Suttons Bay, MI 49682 |
$1,742,000 USD
310-844-9368
1480 SW Bayshore Dr
Suttons Bay, MI 49682
HIGHLIGHTS
- The lease is guaranteed by US LBM Holdings, LLC, one of the largest privately held building materials distributors in the United States
- US LBM recently renewed the lease through August 2031, leaving approximately 5.3 years remaining on the base term
- The ±45,000 SF facility sits on ±4.90 acres with only 21.08% site coverage, allowing for ample outdoor storage, circulation
- The offering provides investors with a 7.75% cap rate backed by a national corporate tenant in a sector
- Located in Suttons Bay just outside Traverse City, the property benefits from strong regional demographics, affluent surrounding communities
FOR SALE DETAILS
PRICE
$1,742,000 USD
PRICE/SF
$39 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
US LBM - Northern Building Supply
PROPERTY TYPE
Industrial
ADD'L SUBTYPES
Storefront, Showroom
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.9
LAND SF
213,444
ZONING
WI
APN/PARCEL ID
011-033-029-60
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310-844-9368
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310-844-9368
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