2325 Sybrant Rd - Warehouse FOR SALE


Traverse City, MI 49684
$4,300,000 USD
231-633-0432
2325 Sybrant Rd, Traverse City, MI for Sale
$4,300,000 USD
Warehouse - FOR SALE
1/61
null | 7.8% Cap Rate

2325 Sybrant Rd
Traverse City, MI 49684


OVERVIEW

100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 7.8% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

3

DRIVE INS

5

PARKING SPACES

57

LAND DETAILS

LAND ACRES

3.46

LAND SF

150,718

ZONING

General Industrial

APN/PARCEL ID

05-310-006-00,05-310-007-00

ASK ABOUT THIS PROPERTY

Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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