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4248 Cherry Pepsi Way
Traverse City, MI 49685
Pepsi Distribution Center · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 32,100 SF |
| Property Subtype | Food Processing | No. Stories | 1 |
| Building Class | B | Year Built | 2018 |
| Lot Size | 3.50 AC | Tenancy | Single |
| Property Type | Industrial |
| Property Subtype | Food Processing |
| Building Class | B |
| Lot Size | 3.50 AC |
| Rentable Building Area | 32,100 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Tenancy | Single |
ABOUT 4248 CHERRY PEPSI WAY , TRAVERSE CITY, MI 49685
Marcus & Millichap, as the exclusive agent, offers for sale a newly constructed Pepsi distribution center located near Traverse City, Michigan. The subject property was built in 2018 and is comprised of a 32,100-square foot pre-engineered building with four truck wells and 2,900 square feet of office. Pepsi operated out of a nearby facility for nearly 20 years before doubling their warehouse size with the current new facility. The 15-year double-net lease provides for rare 2 percent annual bumps during the entire lease term. Nearby are Menards, a new 100,000-square foot Blain’s Farm & Fleet (open 2019), the Traverse City Beach Bums professional baseball park, Walgreens, Rite Aid, and Culver’s.
PROPERTY TAXES
| Parcel Number | 02-225-053-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,129,000 |
PROPERTY TAXES
