701 E South St - Distribution FOR SALE


Lansing, MI 48910- Reo Town
$3,990,000 USD
616-264-3335
701 E South St, Lansing, MI for Sale
$3,990,000 USD
Distribution - FOR SALE
1/11
null | 11.07% Cap Rate

701 E South St
Lansing, MI 48910
Reo Town


OVERVIEW

Potters Mill Industrial Flex Center sits on just under 5 acres, includes 105,000 SF on 2.5 levels with a diversified rent role. From 2016-2019 70% of the property was fully renovated and demised into to the suites contained in this offering. All new windows, roof, mechanicals and concrete floors.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

11.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Warehouse, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

UTILITIES

-

CLEAR CEILING HT

13 Ft

DOCKS

8

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.45

LAND SF

193,842

ZONING

I

APN/PARCEL ID

01-01-22-151-111

ASK ABOUT THIS PROPERTY

616-264-3335

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

616-264-3335

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