$1,736,296 USD
512-856-7596
5935 Enterprise Dr
Lansing, MI 48911
Southeast Lansing
HIGHLIGHTS
- TruGreen is the nation's largest commercial and residential lawn care company, servicing over 2.3 million customers annually across its 350+ locations
- TruGreen has occupied the facility since 1991 and just recently extended its lease another 5 years, further proving its long-term commitment.
- This facility was a former build-to-suit (BTS) specifically designed for the tenant to support their business operations.
- Located near I-496 and I-96, which are major East/West and North/South arteries,.
- The property is strategically located in one of Lansing's main industrial pockets. Notable nearby tenants with strong synergy include SRS Building Etc
- The excess yard space at this location allows for significant Industrial Outdoor Storage (IOS), which is one of the most sought-after asset classes .
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 11,720 SF TruGreen facility in Lansing, MI. TruGreen, one of North America's largest providers of commercial and residential landscaping services, has occupied the property since 1991 and just recently executed a fresh lease extension. This is a rare opportunity to acquire a well-located and highly functional Industrial Service Facility leased to a national credit tenant.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: MaxFreedman - MI Lic. # 6502424113
FOR SALE DETAILS
PRICE
$1,736,296 USD
PRICE/SF
$148 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
TruGreen - Lansing, MI
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Distribution, Manufacturing, Showroom
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1991
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
2
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.71
LAND SF
161,608
ZONING
I
APN/PARCEL ID
01-05-03-426-062
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512-856-7596
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512-856-7596
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