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1961 Base Ave 111,447 SF Industrial Building Springfield, MI 49037 $5,250,000 ($47.11/SF) 7.49% Cap Rate
Investment Highlights
- Fully occupied building with little room for paying clients files. Tenant has renewed every five years for the past 30 years.
Executive Summary
Property Facts
| Price | $5,250,000 | Lot Size | 5.94 AC |
| Price Per SF | $47.11 | Rentable Building Area | 111,447 SF |
| Sale Type | Investment NNN | No. Stories | 4 |
| Cap Rate | 7.49% | Year Built | 1954 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 - Light Industrial | ||
| Price | $5,250,000 |
| Price Per SF | $47.11 |
| Sale Type | Investment NNN |
| Cap Rate | 7.49% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.94 AC |
| Rentable Building Area | 111,447 SF |
| No. Stories | 4 |
| Year Built | 1954 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 - Light Industrial |
Utilities
- Lighting
- Gas
- Water
- Sewer
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- 113,373 SF
- $4.01
- Modified Gross
- Jan 2029
Iron Mountain was founded in 1951, beginning with bomb-resistant storage and evolving from early records preservation roots into a global information management business. The company provides records management, secure destruction, digital transformation, information security, data center solutions, warehousing and logistics, media services, and asset lifecycle management. Iron Mountain serves a broad customer base across physical and digital information needs, including highly regulated organizations and major enterprises. The company's history also includes expansion into data centers, IT asset disposition, and digital content services, reflecting a shift toward managing information across its full lifecycle.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | 113,373 SF | $4.01 | Modified Gross | Jan 2029 |
Property Taxes
| Parcel Number | 54-001-200-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $34,558 |
Property Taxes
Contact the Sale Advisor
1961 Base Ave