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2200 Olds Ave 54,398 SF Industrial Building Lansing, MI 48915 $2,950,000 ($54.23/SF) 8.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Opportunity
- Absolute Net Lease
- 54,398 Sq Ft Building on 8.9 Acres
- Lease Runs Through July 31, 2044
- 8.9% Cap Rate at Asking Price
- Entire Property Fenced and Gated
EXECUTIVE SUMMARY
Investment Opportunity
Lease Runs Through July 31, 2044
Absolute Net Lease
8.9% Cap Rate at Asking Price
54,398 Sq Ft Building on 8.9 Acres
Entire Property Fenced and Gated
30' Ceiling Clearance
Several Cranes Up to 25-Ton
Lease Runs Through July 31, 2044
Absolute Net Lease
8.9% Cap Rate at Asking Price
54,398 Sq Ft Building on 8.9 Acres
Entire Property Fenced and Gated
30' Ceiling Clearance
Several Cranes Up to 25-Ton
PROPERTY FACTS
| Price | $2,950,000 | No. Stories | 1 |
| Price Per SF | $54.23 | Year Built | 1941 |
| Sale Type | Investment NNN | Tenancy | Single |
| Cap Rate | 8.90% | Parking Ratio | 0.96/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 30’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 9.00 AC | Cross Streets | Olds Ave and Main Street |
| Rentable Building Area | 54,398 SF | ||
| Zoning | I - Industrial Zoned District | ||
| Price | $2,950,000 |
| Price Per SF | $54.23 |
| Sale Type | Investment NNN |
| Cap Rate | 8.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 9.00 AC |
| Rentable Building Area | 54,398 SF |
| No. Stories | 1 |
| Year Built | 1941 |
| Tenancy | Single |
| Parking Ratio | 0.96/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Cross Streets | Olds Ave and Main Street |
| Zoning | I - Industrial Zoned District |
AMENITIES
- Bus Line
- Fenced Lot
UTILITIES
- Water - City
- Sewer - City
1 1
PROPERTY TAXES
| Parcel Number | 01-01-20-106-016 | Improvements Assessment | $611,000 |
| Land Assessment | $168,900 | Total Assessment | $779,900 |
PROPERTY TAXES
Parcel Number
01-01-20-106-016
Land Assessment
$168,900
Improvements Assessment
$611,000
Total Assessment
$779,900
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2200 Olds Ave
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