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Sherwin Williams 1405 Keystone Ave 12,647 SF Industrial Building Lansing, MI 48911 $1,556,000 ($123.03/SF) 7.25% Cap Rate
Investment Highlights
- Sherwin Williams Has Operated At The Site Since 2006 and Currently Has 5+ Years of Lease Term Remaining
- Double Net Lease (NN) Minimal Management Responsibilities Required
- Located off South Pennsylvania Avenue - Over 18,500 Vehicles/Day
- Location Operates as a Sherwin-Williams Commercial Paint Store: High-Volume, Recession-Resistant Business Model Driven by Professional Relationships
- 5 Mile Population Surrounding the Investment Property Exceeds 146,000
Executive Summary
Sherwin Williams Has Operated At The Site Since 2006 and Currently Has 5+ Years of Lease Term Remaining
Property Facts
| Price | $1,556,000 | Rentable Building Area | 12,647 SF |
| Price Per SF | $123.03 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1979/2006 |
| Cap Rate | 7.25% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 3.16/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.02 AC | ||
| Zoning | I HVY | ||
| Price | $1,556,000 |
| Price Per SF | $123.03 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.02 AC |
| Rentable Building Area | 12,647 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2006 |
| Tenancy | Single |
| Parking Ratio | 3.16/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I HVY |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $327,000 | |
| Land Assessment | $32,800 | Total Assessment | $359,800 |
Property Taxes
Parcel Numbers
Land Assessment
$32,800
Improvements Assessment
$327,000
Total Assessment
$359,800
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Sherwin Williams | 1405 Keystone Ave
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