Historical Industrial Sale Listing - GLW Finishing

Industrial For Sale

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GLW Finishing

741 Waverly Court, Holland, MI 49423

N/A

31,200 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
31,200 SF
Property Type:
Industrial
Property Sub-type:
Manufacturing
Property Use Type:
Net Lease Investment with
9 years left on lease
Commission Split:
2.75%
Cap Rate:
10.24%
Occupancy:
100%
Tenancy:
Single
Lot Size:
2.30 SF
Listing ID
15654629
Last Updated
over 1 year ago

Utilities

  • Trailer Parking
  • Electricity/Power - 480 - 3 phase
  • Sprinklers

Description

Lower asking price than most vacant industrial buildings sell for.

Marcus & Millichap is pleased to present this 31,200 SF flex facility located in the heart of the manufacturing corridor in the city of Holland, Michigan. The building is located in an industrial park that was constructed from 1998 - 2003. The building is situated on 2.30 acres and was constructed in 1996 and expanded in 2002 to suit the needs of the tenant. The property is 100% occupied by GLW Finishing, LLC with ten (10) years remaining on a NNN lease with fixed increases. The Tenant has the option to cancel the lease at the end of every 2009 and every two years thereafter.

This facility is located with great access to US-31 and I-196 near the Haworth Headquarters, Tiara Yachts, Johnson Control, Magna Donnelly, the Holland Airport and many other manufacturing companies.

Map of 741 Waverly Court, Holland, MI 49423 (Ottawa County)

Research for 741 Waverly Court, Holland, MI 49423 (Ottawa County)

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