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Builders & Plumbing Supply Co. 700 S Hosmer St 51,340 SF Industrial Building Lansing, MI 48912 $4,217,214 ($82.14/SF) 6.55% Cap Rate
Investment Highlights
- New Five (5) Year Net Lease with Two (2) Three (3) Year Options to Renew.
- Tremendous Location at the Pennsylvania/I-496 Interchange (Exit 7).
- Dock Shelters, Load Levelers, and Paved, Lit, Drained, & Fenced Yard.
- Tenant Has 100’s of Locations Across North America and a Net Worth Between $4-5 Billion Dollars!
- Large Showroom, Customer Will Call Area, and Offices Recently Remodeled.
Executive Summary
700 S Hosmer Road in Lansing, Michigan is a 51,340 SF fully leased distribution center. 700 S Hosmer serves as their main distribution center
in Michigan which supplies their Midland, Ann Arbor, Kalamazoo and Grand Rapids locations. Tremendous Location at the Pennsylvania/I-496 Interchange (Exit 7).
in Michigan which supplies their Midland, Ann Arbor, Kalamazoo and Grand Rapids locations. Tremendous Location at the Pennsylvania/I-496 Interchange (Exit 7).
Property Facts
Amenities
- Fenced Lot
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 01-01-15-351-033 | Improvements Assessment | $857,300 |
| Land Assessment | $144,700 | Total Assessment | $1,002,000 |
Property Taxes
Parcel Number
01-01-15-351-033
Land Assessment
$144,700
Improvements Assessment
$857,300
Total Assessment
$1,002,000
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Builders & Plumbing Supply Co. | 700 S Hosmer St
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