3070 Shaffer Ave SE

Industrial for Sale
Catylist Listing ID: 30330875
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 120,600 SF
Gross Land Area: 7.95 Acres
Sale Price: $6,795,000
Unit Price: $56.34 PSF
Ceiling: 28 ft. Clear
Docks/Doors: 13 Docks, 3 Doors
Office SF: 1,000 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

The property located at 3070 Shaffer Ave SE has undergone a complete transformation which results in a building which is essentially brand new in most every facet of its construction. This includes new high efficiency heating, new LED lights, completely repainted interior and exterior, as well as a resurfaced parking lot. New loading dock doors and entry doors as well as some interior restroom facilities are all brand new. Essentially this will be a state of the art distribution or manufacturing facility offering higher than typical market ceiling heights, significant trailer storage capabilities, as well as an opportunity for a rail spur at less than new costs. The only alternative in today’s market for a facility of the type and condition would be a brand new ground up construction project costing millions of dollars more.
The facility can either be leased on a long term basis or can be purchased for an owner / user requirement.
The property is located in the city of Kentwood which is viewed as a business friendly community and has extensive industrial infrastructure located within its city boundaries. The facility is constructed of high quality tilt-up concrete and as previously mentioned is 32' at the eve.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $86,751 (Annual)
Assessed Value - Total($) $1,536,300 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Airport District
Taxing Authority: City of Kentwood
Tax ID/APN: 41-18-14-101-071
Zoning: C-2
Property Located Between: 29th Street SE and 32nd Street SE
Highway Access: 0.46 Miles to M-37 and 3.11 Miles to I-96
Airports: Gerald R. Ford International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1972
Year Renovated: 2018
Construction/Siding: Concrete - Tilt up, Steel Frame
Parking Type: Surface
Parking Description: On site
Eave Height: 32
Overhead Cranes: Undisclosed
Volts: 480
X-Phase: 3 Phase
Lighting: High Pressure Sodium, Metal Halide
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,238 88,724 229,820
Median Age: 33.94 35.33 33.73
Households: 2,815 35,104 86,944
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.