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Fully Occupied 3060 Madison Ave SE 15,304 SF 92% Leased Industrial Building Grand Rapids, MI 49548 $1,919,106 CAD ($125.40 CAD/SF) 9.08% Cap Rate
Investment Highlights
- Fully Occupied
- Close to expressway
- High Traffic Industrial area
- Seller Financing
Executive Summary
Over the past two years, I have improved the rents and replaced several Tenants. This project is now stabilized and will be easy to manage. I offer my continued assistance for the future.
Fully Occupied AND Seller Finance Terms
The owner would be willing to Seller-Finance with a strong buyer and adequate terms.
Approximate Terms:
Purchase Price: $1,400,000
Down Payment: $280,000 (20%)
Seller Financing: Balance of $1,120,000 carried by Seller
Interest Rate: 6.00% (amortized over 300 months)
Balloon Payment: 5 years (60 months)
Payment: $7,216.18
Cash Flow after debit service: $40,524
Fully Occupied AND Seller Finance Terms
The owner would be willing to Seller-Finance with a strong buyer and adequate terms.
Approximate Terms:
Purchase Price: $1,400,000
Down Payment: $280,000 (20%)
Seller Financing: Balance of $1,120,000 carried by Seller
Interest Rate: 6.00% (amortized over 300 months)
Balloon Payment: 5 years (60 months)
Payment: $7,216.18
Cash Flow after debit service: $40,524
Property Facts
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Excellent shop space or small warehouse. The Landlord would add an overhead door if it is needed. Private bathroom and plenty of parking.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - H | 1,274 SF | Industrial | Partial Build-Out | Now |
1st Fl - H
| Size |
| 1,274 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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Videos
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Photos
Street View
Street
Map
1st Fl - H
| Size | 1,274 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Excellent shop space or small warehouse. The Landlord would add an overhead door if it is needed. Private bathroom and plenty of parking.
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 41-18-18-251-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $505,957 CAD |
Property Taxes
Parcel Number
41-18-18-251-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$505,957 CAD
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Fully Occupied | 3060 Madison Ave SE
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