728 McKendrick St SW, Grand Rapids, MI 49503

15,464 SF Multi-Tenant Industrial For Sale

Industrial

Asking Price $1,295,000

Property Description

Recently renovated multi-tenant industrial building for sale. This 15,464 SF building features ample on site parking and outdoor equipment storage, 3 drive in doors, 1 loading dock door, 18-20’ ceiling heights and incredible access to the US-131 & Burton Street interchange. In the past year, ownership has undertaken a number of improvements and updates making the building more functional and desirable for a multitude of users. Leases are all less than two years in length with average modified gross rents of $7.21/sf providing an investor the opportunity to strategically increase NOI over the next couple years. Estimated annual expense  are $28,000.

Property Highlights

  • 200 Amp 480v 3 phase
  • 18′-20′ Ceiling Height
  • 1 Loading Dock
  • 4 Drive in Doors (14′)
Industrial

0.87 Acres

$83.74 Price per Sq. Ft.

Zoned: SD-IT

County: Kent

Parcel ID # / APN 41-17-01-355-010

Listed By:

Jon Geenen

[email protected]

(616) 520-5467

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