2140 Oak Industrial Dr NE

Industrial for Sale
Catylist Listing ID: 30455432
Property Subtypes: Food Processing, Free-Standing, Manufacturing, Warehouse/Distribution
Building Size (RSF): 62,988 SF
Gross Building Area: See Agent
Gross Land Area: 3.02 Acres
Sale Price: $4,500,000
Unit Price: $71.44 PSF
Ceiling: 24 ft. Clear
Docks/Doors: 4 Docks, 2 Doors
Office SF: 26,910 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

The property located at 2140 Oak Industrial Dr NE is a rare find in today’s market in the fact that it has a corporate office presence along with a fully air conditioned manufacturing area. The facility was previously used for printing operations and as such is super clean. This would make an excellent electronics distribution or manufacturing facility, food grade manufacturing or distribution facility, or just general warehousing or light assembly uses.
The offices are located on two floors and feature a nice compliment of both open and private areas. The facility has a significant amount of furniture which may also be available. The facility has been well maintained and is in move-in condition.
The current occupant has moving flexibility and can move out and provide occupancy in short order.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $64,250 (Annual)
Assessed Value - Total($) $1,436,900 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Knapp/Fulton
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-21-402-005
Zoning: SD-IT MCN - SPECIAL DISTRICT - INDUSTRIAL TRANSPORTATION
Property Located Between: Plymouth Ave NE and Maryland Ave and Michigan Street and I-196
Highway Access: 1.87 Miles to I-196 and 1.83 Miles to I-96
Airports: Gerald R. Ford International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2006
Parking Type: Surface
Parking Description: On Site
Eave Height: 24
Column Spacing: 25' x 60' and 22' x 60'
Overhead Cranes: Undisclosed
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent, Other
Lot Frontage: 328.23
Lot Depth: 414.96
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,211 118,195 260,330
Median Age: 37.45 33.74 33.35
Households: 3,075 45,821 99,235
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.