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2950 Prairie St SW 295,173 SF 100% Leased 4-Star Industrial Building Grandville, MI 49418 $22,334,721 CAD ($75.67 CAD/SF) 8% Cap Rate

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EXECUTIVE SUMMARY

CBRE, as exclusive agent for the owner, is pleased to present the outstanding opportunity to acquire the fee simple interest in the 295,173 SF industrial building in Grandville, Michigan. A 70,000+ SF expansion consisting of high-bay industrial and modern two-story office space was completed in 2023.

PROPERTY FACTS

Price $22,334,721 CAD
Price Per SF $75.67 CAD
Sale Type Investment
Cap Rate 8%
Property Type Industrial
Property Subtype Manufacturing
Building Class A
Lot Size 37.67 AC
Rentable Building Area 295,173 SF
No. Stories 1
Year Built 1966
Parking Ratio 0.08/1,000 SF
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 15
No. Drive In / Grade-Level Doors 5
Cross Streets Wentworth
Zoning I-1

AMENITIES

  • Fenced Lot
  • Signage

UTILITIES

  • Lighting
  • Gas
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Manufacturing
  • -
  • $9.99
  • Lorem Ipsum
  • -

Founded in 2006 and based in Grandville, Michigan, Harbor Foam's family has been manufacturing and supplying EPS to many innovative industries and companies for four generations. Harbor Foam is a leading, world-class manufacturer in the expanded polystyrene (EPS) industry. Harbor Foam is an EPS manufacturer producing the highest quality EPS with state-of-the-art equipment. Harbor Foam's excellence in quality starts with their material. Harbor Foam only uses virgin material while manufacturing their products. Harbor Foam's virgin EPS contains no reused foam material making it much stronger and more durable than its recycled counterpart. Harbor Foam's products include flat stock, block, and contoured parts. Harbor Foam possess the capabilities of fabricating 2D and several 3D parts while currently specializing in the RV, construction, and packaging industries.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Manufacturing - $9.99 Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-17-16-326-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$13,223,544 CAD
  • Listing ID: 36289633

  • Date on Market: 2025-06-17

  • Last Updated:

  • Address: 2950 Prairie St SW, Grandville, MI 49418

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