+/- 103,300 SF - GREAT INVESTMENT in Flint 15775SL

Industrial for Sale
Catylist Listing ID: 28248228
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Research & Development, Warehouse/Distribution
Building Size (RSF): 103,300 SF
Gross Land Area: 10.33 Acres
Sale Price: $2,700,000
Unit Price: $26.14 PSF
Ceiling: 22 ft. / 19 ft. Clear
Docks/Doors: 5 Docks, 19 Doors
Office SF: 17,374 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

This distribution building contains over 103,300 SF with 17,300 SF of beautiful office space. The site is over 10 acres of completely fenced property. There are a total of 19 overhead doors, some docks and a drive-thru. Ceiling heights are 19' to 22'. Easy x-way access to I-69, I-75 and US-23. Ideal building for distribution center or manufacturing facility.

Present tenant is providing spray-on bed liners for General Motors' trucks. Their current lease runs through 12/31/2021. Cap Rate is 10%.

Ideal for investor or user that may need the use of the building at a future date.

2018 Taxable Value: $675,613; 2018 Property Taxes: $46,258.58
2018 Assessed Value: $1,480,900

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $46,258 (Annual)

Additional Details

Nearest MSA: Flint
County: Genesee
Taxing Authority: City of Flint
Tax ID/APN: 41-16-351-051
Zoning: INTERMEDIATE MANUFACTURING
Market Type: Large
Property Located Between: S. Dort Highway and S. Averill
Side of Street: South
Road Type: Paved
Transportation: Bus, Shuttle, Rail, Highway, Airport, Taxi
Highway Access: I-69, I-75/US-23
Airports: Bishop International
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1966
Year Renovated: 1987
Construction/Siding: Block
Parking Description: 153,000 SF of asphalt parking
Overhead Cranes: Undisclosed
Amps: 800
X-Phase: 3
Heat Type: Hot Water
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Interior Description: There are 5 dock doors (with levelers) and 14 overhead doors (14' x 12')
Zoning Description: "F" Intermediate Manufacturing
Lot Frontage: 788
Lot Depth: 678

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,190 82,690 183,669
Median Age: 37.62 35.89 35.75
Households: 4,885 33,348 73,244

Contact

Photograph of Listing Agent

Winfield L. Cooper, III

Cooper Commercial CPIX Member
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