5505 52nd St SE - Manufacturing FOR SALE


Grand Rapids, MI 49512- Outer Kentwood/Wyoming
$6,650,000 USD
616-774-3500
5505 52nd St SE, Grand Rapids, MI for Sale
$6,650,000 USD
Manufacturing - FOR SALE
1/9
null | 7% Cap Rate

5505 52nd St SE
Grand Rapids, MI 49512
Outer Kentwood/Wyoming


HIGHLIGHTS

  • 65% Pro Rata is Absolute Net Lease
  • Partial Sale Leaseback
  • Mark to Market Opportunity

OVERVIEW

Advantage Commercial Real Estate is pleased to present a two-tenant, 70,000 SF industrial property, with a partial sale-leaseback opportunity located at 5505 52nd St, Grand Rapids, MI 49512. McCarthy Group occupies 24,500 SF, 35% of the property, and upon close, will sign a lease at $8.91/SF net lease. The remaining 65% is occupied by Pioneer Molded Products on a short-term, absolute net, lease at a severely under market lease rate.

FOR SALE DETAILS

PRICE

$6,650,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5505 52nd Street SE

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

8

DRIVE INS

2

PARKING SPACES

90

LAND DETAILS

LAND ACRES

12.39

LAND SF

539,708

ZONING

I

APN/PARCEL ID

41-19-30-400-019

ASK ABOUT THIS PROPERTY

Michael VisserAdvantage Commercial Real Estate Services LLCMore Info
616-774-3500

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Michael VisserAdvantage Commercial Real Estate Services LLCMore Info
616-774-3500

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