Log In/Sign Up
Your email has been sent.
2325 Sybrant Rd 58,848 SF 100% Leased Industrial Building Traverse City, MI 49684 $4,300,000 ($73.07/SF) 7.90% Cap Rate
Executive Summary
100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 7.9% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
Property Facts
| Price | $4,300,000 | Rentable Building Area | 58,848 SF |
| Price Per SF | $73.07 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1953 |
| Cap Rate | 7.90% | Parking Ratio | 0.97/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 3.46 AC | ||
| Zoning | General Industrial - Industrial | ||
| Price | $4,300,000 |
| Price Per SF | $73.07 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.46 AC |
| Rentable Building Area | 58,848 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.97/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | General Industrial - Industrial |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05-310-007-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,263,700 |
Property Taxes
Parcel Number
05-310-007-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,263,700
1 of 62
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2325 Sybrant Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.