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: 12/11/2019

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

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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.