8722 Portage Industrial Dr - Freestanding FOR SALE


Portage, MI 49024
$375,000 USD
801-410-1621
8722 Portage Industrial Dr, Portage, MI for Sale
$375,000 USD
Freestanding - FOR SALE
1/4
null | 7.33% Cap Rate

8722 Portage Industrial Dr
Portage, MI 49024


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Long Operating History | Additional Billboard Income
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Meijer Anchored Center | Walmart Supercenter Anchored Center
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• All-Lift Systems, LLC (37+ Locations) Corporate signed lease • 2 years remaining with 2 (5-year) option periods to extend • The lease features 5% rental increases at the beginning of each option period • The property also benefits from additional billboard income through March 2026 • The tenant has operated at this location for 13+ years, demonstrating their commitment to the site

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Star Crane & Hoist

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,294 SF

ZONING

I-1

APN/PARCEL ID

10-00021-330-A

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
801-410-1621

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Jack CornellSRS Real Estate PartnersMore Info
801-410-1621

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