335 Griffin Street N

Industrial for Sale
Catylist Listing ID: 30428182
Property Subtypes: Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 148,030 SF
Gross Land Area: 6.18 Acres
Sale Price: $4,250,000
Unit Price: $28.71 PSF
Ceiling: 32 ft. / 29 ft. Clear
Docks/Doors: 2 Docks, 1 Door
Office SF: 4,290 SF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 148,030 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2019

Overview / Comments

The property located at 335 N Griffin Street in Grand Haven has been used for a variety of manufacturing and warehousing uses over the years. The property features heavy electrical capacity, multiple loading docks and drive-in doors as well as significant crane and heavy lift capacity. The totally remodeled offices are in excellent condition and will provide for a great corporate environment for a new user. The facility sets up well for multiple users for those desiring a built-in expansion capability down the road.
The facility has been very well maintained and is in excellent condition and is a rare find in today’s tight real estate market.
There is a tenant in a 100,000 square foot portion of the building until August 31, 2022, offering income to a new owner.
Note: Offering excludes the cell tower and cell tower lease.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $38,771 (Annual)
Assessed Value - Total($) $1,016,000 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Ottawa
Taxing Authority: City of Grand Haven
Tax ID/APN: 70-03-21-415-029
Zoning: I-1 INDUSTRIAL
Property Located Between: N Hopkins St and N Ferry St and Fulton St and Jackson St
Highway Access: 0.65 Miles to US 31 and 1.44 Miles to M-104
Airports: Gerald R. Ford International Airport
Area Description: DIRECTIONS: 31 TO JACKSON E/TURNS INTO GRIFFIN.BLDG IS ON W SIDE OF THE ST.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1979
Year Renovated: 1988
Construction/Siding: Concrete, Steel Frame
Parking Type: Surface
Parking Description: On Site
Overhead Cranes: Undisclosed
Volts: 480
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,669 31,767 43,278
Median Age: 40.91 42.77 41.92
Households: 3,852 13,436 17,648
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.