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NATIONAL RETAIL MFR | NNN | 3.5% ANNUAL BUMPS 100 Harbor Dr 305,000 SF Industrial Building Charlevoix, MI 49720 $24,294,697 CAD ($79.65 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Long-Term Absolute Net Lease, featuring Above-Market 3.5% Annual Rental Increases throughout the Initial Term and all Option Periods.
- Harbor Industries, Founded in 1946, Operates a Design-through-Delivery Model, Combining Research, Design, Technology, Custom Manufacturing, and more.
- Regional Population Growth - the Traverse City MSA Grew 5.6% between 2014 and 2024 to Roughly 157,000 Residents.
- Location Utilized as an Office, Manufacturing, and Warehouse Facility.
- Institutional Scale, Rarely Traded - 305,000 Square Feet on 14.82 Acres Delivers a Footprint that Almost Never Comes to Market North of Traverse City.
- US-31 Regional Corridor Frontage - Charlevoix Sits Directly on US-31, Northern Michigan’s Primary North-South Commercial Artery.
Executive Summary
Harbor Industries | 20 Year Absolute Net Lease | Favorable 3.5% Annual Increases | Large Land Lot | National Manufacturer of Custom Retail Environments | Immediate US-31 Access - Northern Michigan’s Primary Artery | One-Day Truck Reach to Major Markets | Deepwater Great Lakes Port Heritage | Regional Population Growth | Direct Adjacency to Charlevoix Municipal Airport
Michigan Broker of Record: Paul Kerber | Two Towne Square, Ste. 450 Southfield, MI 48076 | P: (248) 415-2600 | Lic #: 6502433613 | Paul.Kerber@Marcus&Millichap.com
Michigan Broker of Record: Paul Kerber | Two Towne Square, Ste. 450 Southfield, MI 48076 | P: (248) 415-2600 | Lic #: 6502433613 | Paul.Kerber@Marcus&Millichap.com
Property Facts
Amenities
- Security System
- Common Parts WC Facilities
- Fluorescent Lighting
- Air Conditioning
Utilities
- Lighting - LED
- Water - County
- Sewer - County
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Harbor industries
- Retailer
- 305,000 SF
- -
- Triple Net
- Jul 2046
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Harbor industries | Retailer | 305,000 SF | - | Triple Net | Jul 2046 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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NATIONAL RETAIL MFR | NNN | 3.5% ANNUAL BUMPS | 100 Harbor Dr
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