Log In/Sign Up
Your email has been sent.
U.S. LBM 1480 SW Bayshore Dr 45,000 SF 100% Leased Industrial Building Suttons Bay, MI 49682 $1,742,000 ($38.71/SF) 7.75% Cap Rate
Investment Highlights
- The lease is guaranteed by US LBM Holdings, LLC, one of the largest privately held building materials distributors in the United States
- The ±45,000 SF facility sits on ±4.90 acres with only 21.08% site coverage, allowing for ample outdoor storage, circulation
- Located in Suttons Bay just outside Traverse City, the property benefits from strong regional demographics, affluent surrounding communities
- US LBM recently renewed the lease through August 2031, leaving approximately 5.3 years remaining on the base term
- The offering provides investors with a 7.75% cap rate backed by a national corporate tenant in a sector
Executive Summary
Broker of Record
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $1,742,000 | Property Type | Industrial |
| Price Per SF | $38.71 | Rentable Building Area | 45,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.75% | Year Built | 1970 |
| Price | $1,742,000 |
| Price Per SF | $38.71 |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Property Type | Industrial |
| Rentable Building Area | 45,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Contacts
-
Louis Murray -
Brett Davis -
Alexander Harrold -
Matthews Real Estate Investment Services
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
U.S. LBM | 1480 SW Bayshore Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.