1692 12th Street
Industrial
for Sale
| Catylist Listing ID: |
30382676 |
| Property Subtypes: |
Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
|
| Building Size (RSF): |
200,000 SF
|
| Gross Land Area: |
14 Acres
|
| Sale Price: |
$7,950,000 |
| Unit Price: |
$39.75 PSF |
| Ceiling: |
23 ft. |
| Docks/Doors: |
18 Docks, 4 Doors |
| Office SF: |
16,000 SF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/6/2019 |
Overview / Comments
The property located at 1692 12th Street, Martin, Michigan is rare in the fact that it is 100% air conditioned and was used for food grade quality warehousing purposes in the past. The facility is extremely clean but is also unique in the fact that it has high electrical power capacity. The facility can be purchased or leased in full, or in parts, and contains 16,000 square feet of excellent office space. 18 truck docks and four overhead doors offer unparalleled access and flexibility to users needing large square footage space. The facility is fully outfitted with T-8 fluorescent lighting which are motion activated. The facility has a clear height of 23 feet and is uniquely positioned between Grand Rapids and Kalamazoo. The facility is unique in amenity and will not last long.
NOTE: Perrigo is the current occupant of portions of this building and is the Landlord’s existing Tenant. No commissions will be paid under any circumstance for any renewals or expansions of Perrigo and/or its affiliated companies.
|
Financials
| Finance Data Year |
2018 |
| Real Estate Taxes - Annual($) |
$109,170 (Annual) |
| Assessed Value - Total($) |
$2,316,700 (Annual) |
Additional Details
| Nearest MSA: |
Allegan |
| County: |
Allegan |
| Submarket/Township: |
Other area |
| Taxing Authority: |
Watson Township |
| Tax ID/APN: |
03-23-024-001-00 |
| Zoning: |
I; INDUSTRIAL |
| Property Located Between: |
116th Ave (M-222) and 117th Ave and US-131 & 14th St |
| Highway Access: |
0.57 Miles to US 131 |
| Airports: |
Gerald R. Ford International Airport and Kalamazoo/Battle Creek International Airport |
| Site Description: |
LL in LO. |
| Area Description: |
DIRECTIONS: 131 S to Martin Exit (M-222), West to 12th St North onto 12th, 1 mile North to property. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Year Built: |
2000 |
| Year Renovated: |
2014 |
| Construction/Siding: |
Steel Frame |
| Parking Type: |
Surface |
| Parking Description: |
On Site |
| Total Parking Spaces: |
140 |
| Eave Height: |
23 |
| Column Spacing: |
25' x 50' |
| Overhead Cranes: |
Undisclosed |
| Sprinklers: |
Wet |
| Amps: |
4,000 |
| Volts: |
480 |
| X-Phase: |
3 Phase |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Lighting: |
Fluorescent |
| Water Service: |
Well |
| Sewer Type: |
Septic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,099 |
2,099 |
11,035 |
| Median Age: |
36.91 |
36.91 |
38.23 |
| Households: |
776 |
776 |
4,067 |
|
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.
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