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Fully Occupied 3060 Madison Ave SE 15,304 SF 100% Leased Industrial Building Grand Rapids, MI 49548 $1,400,000 ($91.48/SF) 9.08% Cap Rate

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Investment Highlights

Fully Occupied
Close to expressway

High Traffic Industrial area
Seller Financing

Executive Summary

Over the past two years, I have improved the rents and replaced several Tenants. This project is now stabilized and will be easy to manage. I offer my continued assistance for the future.
Fully Occupied AND Seller Finance Terms
The owner would be willing to Seller-Finance with a strong buyer and adequate terms.
Approximate Terms:
Purchase Price: $1,400,000
Down Payment: $280,000 (20%)
Seller Financing: Balance of $1,120,000 carried by Seller
Interest Rate: 6.00% (amortized over 300 months)
Balloon Payment: 5 years (60 months)
Payment: $7,216.18
Cash Flow after debit service: $40,524

3060 Madison Sale OM

Property Facts

Price	$1,400,000	No. Stories	1
Price Per SF	$91.48	Year Built/Renovated	1964/2025
Sale Type	Investment NNN	Parking Ratio	2.51/1,000 SF
Cap Rate	9.08%	Clear Ceiling Height	14’
Property Type	Industrial	No. Dock-High Doors/Loading	1
Property Subtype	Service Flex Light Manufacturing Showroom Industrial Warehouse	No. Drive In / Grade-Level Doors	1
Building Class	B	Cross Streets	Madison Ave and 32nd Street
Lot Size	0.93 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	15,304 SF
Zoning	B-2 - General Business District - Commercial. Includes both office and Warehouse

Price	$1,400,000
Price Per SF	$91.48
Sale Type	Investment NNN
Cap Rate	9.08%
Property Type	Industrial
Property Subtype	Service Flex Light Manufacturing Showroom Industrial Warehouse
Building Class	B
Lot Size	0.93 AC
Rentable Building Area	15,304 SF
No. Stories	1
Year Built/Renovated	1964/2025
Parking Ratio	2.51/1,000 SF
Clear Ceiling Height	14’
No. Dock-High Doors/Loading	1
No. Drive In / Grade-Level Doors	1
Cross Streets	Madison Ave and 32nd Street
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-2 - General Business District - Commercial. Includes both office and Warehouse