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2325 Sybrant Rd 58,848 SF 100% Leased Industrial Building Traverse City, MI 49684 $5,967,583 CAD ($101.41 CAD/SF) 7.90% Cap Rate
Executive Summary
100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 7.9% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
Property Facts
| Price | $5,967,583 CAD | Rentable Building Area | 58,848 SF |
| Price Per SF | $101.41 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1953 |
| Cap Rate | 7.90% | Parking Ratio | 0.97/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 3.46 AC | ||
| Zoning | General Industrial - Industrial | ||
| Price | $5,967,583 CAD |
| Price Per SF | $101.41 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.46 AC |
| Rentable Building Area | 58,848 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.97/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | General Industrial - Industrial |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,855,641 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,855,641 CAD
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2325 Sybrant Rd
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