TRMI & SnackWerks | Springfield, MI 126 Avenue C 86,643 SF 100% Leased Industrial Building Springfield, MI 49037 $4,567,125 ($52.71/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- TRMI & SNACKWERKS
- INVESTMENT GRADE CREDIT ANCHOR TENANT (TRMI)
- POTENTIAL FOR VALUE-ADD - ADDITIONAL 27,588 SF MEZZANINE
- NNN LEASES - MINIMAL LANDLORD RESPONSIBILITIES
- NEW LONG-TERM LEASES IN PLACE
- EXCELLENT REAL ESTATE FUNDAMENTALS
EXECUTIVE SUMMARY
PRICING - $4,567,125
CAP RATE - 8.00%
NOI - $365,370
LEASE TYPE - NNN
BUILDING SIZE - 86,574 SF* (*114,162 SF including mezzanine level)
LOT SIZE - 10.80 ACRES
*Interior photos taken prior to Tenant occupancy
CAP RATE - 8.00%
NOI - $365,370
LEASE TYPE - NNN
BUILDING SIZE - 86,574 SF* (*114,162 SF including mezzanine level)
LOT SIZE - 10.80 ACRES
*Interior photos taken prior to Tenant occupancy
PROPERTY FACTS
UTILITIES
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- SnackWerks
- Accommodation and Food Services
- -
- -
- Triple Net
- Oct 2030
- TRMI
- Services
- -
- -
- Triple Net
- Mar 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| SnackWerks | Accommodation and Food Services | - | - | Triple Net | Oct 2030 | |
| TRMI | Services | - | - | Triple Net | Mar 2028 |
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PROPERTY TAXES
| Parcel Number | 54-120-147-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $341,358 |
