4364 W North Down River Rd - Manufacturing FOR SALE


Grayling, MI 49738
$799,000 USD
586-469-8888
4364 W North Down River Rd, Grayling, MI for Sale
$799,000 USD
Manufacturing - FOR SALE
1/1
null | 7% Cap Rate

4364 W North Down River Rd
Grayling, MI 49738


HIGHLIGHTS

  • 7% Cap rate
  • nearly 5 year lease plus 3 year extension
  • NNN Lease
  • Underutilized space provides significant upside potential
  • Site size allows for expansion

OVERVIEW

Current long-term tenant with nearly 5 years remaining on existing Lease and a 3 year option to renew. Tenant is one of the largest door manufacturers in the United States. Tenant pays taxes and insurance. Total SF is 21,102 SF. Primary building is 18,350 SF, Building 2 is 1,920 SF, Building 3 is 832 SF. There is 660 SF of office space. The yard is fenced. Main building has two 10' x 12' Overhead doors. Property is zoned C-2. There is 440V 3 phase power.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Leased Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.47

LAND SF

151,173

ZONING

C2

APN/PARCEL ID

040-41-005-16-020-00

ASK ABOUT THIS PROPERTY

Joseph SowerbyAnton, Sowerby & Associates Inc.More Info
586-469-8888

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Joseph SowerbyAnton, Sowerby & Associates Inc.More Info
586-469-8888

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