1961 Base Ave - Warehouse FOR SALE


Springfield, MI 49037
$5,250,000 USD
248-821-7722
1961 Base Ave, Springfield, MI for Sale
$5,250,000 USD
Warehouse - FOR SALE
1/33
null | 7.49% Cap Rate

1961 Base Ave
Springfield, MI 49037


HIGHLIGHTS

  • The building is fully occupied by Iron Mountain (IRM). The tenant has renewed its lease every five years for the past 20-30 years

OVERVIEW

Credit tenant has occupied the building for 20 years and recently signed an extension. The building is 95% to capacity and it's their largest storage facility in the state. Tenant has CBRE managing the building; the landlord maintains the roof, elevator, and parking lot repairs.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

7.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1954

UTILITIES

Lighting, Gas, Water, Sewer

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.94

LAND SF

258,746

ZONING

I-1

APN/PARCEL ID

54-001-200-00

ASK ABOUT THIS PROPERTY

Chuck HowardTranswestern Real Estate ServicesMore Info
248-821-7722

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Chuck HowardTranswestern Real Estate ServicesMore Info
248-821-7722

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