1867 Cass Hartman Court Traverse City, MI 49685

Property Description

Industrial investment opportunity! This offering is for a sale-leaseback opportunity at a 9% CAP Rate. Building has undergone extensive upgrades and features over 40,000 SF with ceiling heights up to 24′ and 22,000 SF with ceilings up to 20′. Building has newer fire suppression system, heavy duty electric, multiple truck wells and loading docks, lunch room, multiple bathrooms and 3-4 offices. Business will lease building back on NNN lease for 3 years with 1 year option.

Property Information

Current Price$4,194,000.00
Sq. Ft.64,518 ft²
Lot Size2.9 acres

Details

Listing StatusActive
Year Built1,977

Financial Data

Current Price$4,194,000.00
Original Price$4,194,000.00

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Fred Schmidt
Broker
Michigan | Ohio | Florida | St Croix

    Additional Information

    CityTraverse City
    StateMI
    CountyGrand Traverse
    MLS ID1917267
    WaterfrontNo
    BrokerageColdwell Banker Schmidt-522
    522 E Front Street Traverse City MI 49686