Industrial Building

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30377489
Property Subtypes: Light Industrial, Warehouse/Distribution, General
Building Size (RSF): 50,660 SF
Gross Land Area: 4.64 Acres
Sale Price: $2,975,000
Unit Price: $58.72 PSF
Ceiling: 21 ft.
Docks/Doors: 7 Docks, 1 Door
Drive In Bays: 4 Bays
Property Use Type: Vacant/Owner-User
Building Name: 5-STARR BRANDS
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

This is a clear span building. All the interior walls are not weight bearing and can be removed. This property was currently used as an industrial baking facility for a prominent national company. The baking lines and all equipment is being removed for expansion to another facility. The owner is in the process of removing all baking equipment from the property which should take approximately 60 - 90 days or will consider selling all baking equipment and building to a new buyer. The site benefits from an easement for ingress and egress over the southerly 50 feet of the adjacent property to the north.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Airport District
Taxing Authority: Cascade Township
Tax ID/APN: 41-19-30-300-028
Zoning: INDUSTRIAL
Property Located Between: N.E. corner of Patterson S.E. and 52nd St SE
Airports: Gerald Ford International
Site Description: DNA
Area Description: DIRECTIONS: NE CORNER OF PATTERSON & 52ND ST.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Adjacent to Building
Total Parking Spaces: 76
Overhead Cranes: Undisclosed
Amps: 2,000
Volts: 480
Zoning Description: Light Industrial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 30,276 122,670
Median Age: 35.5 36.53
Households: 12,626 47,400

Contact

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.