$1,700,000
$1,999,900
15.0%For more information regarding the value of a property, please contact us for a free consultation.
19,481 SqFt
SOLD DATE : 07/09/2021
Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 19,481 sqft
Price per Sqft $87
MLS Listing ID 2210010536
Sold Date 07/09/21
Originating Board Realcomp II Ltd
Year Built 2004
Annual Tax Amount $24,378
Lot Size 3.710 Acres
Acres 3.71
Lot Dimensions 269x486x333x518
Property Description
5048 Pilgrim Rd. has singled itself out as the ideal property for your investment portfolio. This is the first time this 2004 built, 19,481 sq. ft. warehouse/office property on 3.710 acres (with direct I-75 frontage/exposure) has been offered for sale, and opportunity is knocking. Ideally (and centrally) located within a demand Mundy Township business park, this custom building is a mere minutes from I-75, I-475 and US-23 expressway hub access (and a gateway to Oakland County.) Offering 100% (National company) tenancy with a lengthy remaining lease and at a 7.5% CAP rate and NNN lease terms. Large 3.710 acre lot size offers the potential for future expansion. Approx. 15,000 sq. ft. of warehouse space w/multiple overhead doors and docks. 4,481 Sq. ft. of office and conference space. Municipal water/sewer, lawn sprinkler system, security systems, new Carrier 48TCE 7.5 ton packaged HVAC unit installed in 2021. Average CAP rate is approx. 8%.
Location
State MI
County Genesee
Area Mundy Twp
Zoning Commercial
Direction S. off Maple Rd. (between I-75 and Van Slyke Rd.) on Pilgrim Rd.
Interior
Hot Water Natural Gas
Heating Forced Air, Packaged Heat/Cool
Heat Source Natural Gas
Exterior
Pool No
Utilities Available Security Alarm, Smoke Alarm
Roof Type Metal,Rubber
Road Frontage Class A, Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Block/Concrete/Masonry,Brick,Steel,Stucco
Schools
School District Carman-Ainsworth
Others
Tax ID 1502100028
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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