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′)