45300 Mound Rd - Sports and Entertainment FOR SALE


Shelby Township, MI 48317- Shelby Township-Utica
$10,400,000 USD
734-846-8045
45300 Mound Rd, Shelby Township, MI for Sale
$10,400,000 USD
Sports and Entertainment - FOR SALE
1/15
null | 6.73% Cap Rate

45300 Mound Rd
Shelby Township, MI 48317
Shelby Township-Utica


OVERVIEW

84,000 sf on 7.66 acres Indoor and Outdoor Sport plex This Investment is a sale lease back of the 38,000 sf of the this building by Greg Grant Sports (GGS) which is the premier Basketball and Volleyball including leagues and training. Lease's in Place GGS will sign a 10 year lease term at closing $237,0000 a year with $77,000 CAM charge with 2-5 yr options 3% increases yearly throughout the initial term and option periods Toca Base Ball 8200 sf $62,000 a yr NNN 10 years remaining 3% increases yearly Next Level Soccer Training $44,000 a yr Spaces Available: Building Size: 23,205 sf Light weight gauge fabric building, 2220 sf Lobby Brick Block Building. Full Service restaurant with all the equipment turnkey 4,000 sf Physical Therapy Space turnkey 2516 sf Fitness Center 2396 sf subject to GGS The Seller will sign a place holder lease for the vacancy at closing to 1 yr term Building Size: 33,000 sf Brick Block Building, 16,000 sf Brick Block Building, 23,205 sf Light weight gauge fabric building, 2220 sf Lobby Brick Block Building. Full service restaurant. Sports Bar w an outdoor volley ball courts. In addition a banquet room for events on site or 3 rd party rental on 7.66 acres. Additional Land available for expansion of another dome or brick block building. Mound Rd 1.04 acres frontage as shown on the exhibit 110’ x 412’ Zoned Commercial for sale to a user/ developer. Zoned C 4 will permit gas stations, auto repair facilities and car washes subject to special use permit is available for additional development asking price $975,000 massing plans upon request. Merrill Rd 2.07 acres frontage as shown on the exhibit 182’ x 489 ’ to be retained by the Seller for future development with access across the subject property. Zoned Light Industrial asking price $425,000 massing plans upon request. Seller will consider a sale of this land with the Sports Plex adjacent to the outdoor volley ball area for expansion or/and for future training facilities, flex industrial spaces. Sport Plex includes basketball/ indoor volley ball courts, baseball training, personal fitness gym, soccer, lacrosse fields updated in the past 2 years including but not limited to interior improvements, mechanical, electrical, plumbing, finishes, parking lot and outdoor volley ball courts including a full service bar restaurant adjacent to outdoor volley ball courts. Additional room for sport banquets. Commercial Use: Warehouse/Industrial/Research and Development/Flex Space/ Commercial. Year Built: 1974 Completely remodeled 2021 with all new mechanical, plumbing, electrical, parking lot interior exterior improvements and improvements. Building Construction: Brick Block, Structural Steel, Metal Roof, Fabric with Structural Steel Framing. . The Lease is absolute NNN lease with no Landlord responsibility with the exception of the exterior building structure, roof on the brick block buildings.

FOR SALE DETAILS

PRICE

$10,400,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Total Sports Complex - Greg Grant Sportsplex

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

272

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

CK MAP

APN/PARCEL ID

23-07-33-351-046

ASK ABOUT THIS PROPERTY

Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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