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1961 Base Ave
Springfield, MI 49037
Industrial Property For Sale
Investment Highlights
- Fully occupied building with little room for paying clients files. Tenant has renewed every five years for the past 30 years.
Executive Summary
Credit tenant has occupied the building for 20 years and recently signed a five year extension. The building is 95% to capacity and it's their largest storage facility in the state. Tenant has CBRE managing the building where the landlord maintains the roof, elevator parking lot repairs.
Property Facts
| Sale Type | Investment NNN | Rentable Building Area | 111,447 SF |
| Cap Rate | 7.49% | No. Stories | 4 |
| Property Type | Industrial | Year Built | 1954 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 5.94 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 - Light Industrial | ||
| Sale Type | Investment NNN |
| Cap Rate | 7.49% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.94 AC |
| Rentable Building Area | 111,447 SF |
| No. Stories | 4 |
| Year Built | 1954 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 - Light Industrial |
Utilities
- Lighting
- Gas
- Water
- Sewer
Property Taxes
| Parcel Number | 54-001-200-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $48,623 CAD |
Property Taxes
Parcel Number
54-001-200-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$48,623 CAD
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