$525,000
$600,000
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9,000 SqFt
SOLD DATE : 04/14/2016
Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $58
MLS Listing ID 215112922
Sold Date 04/14/16
Originating Board Realcomp II Ltd
Year Built 2006
Annual Tax Amount $3,897
Lot Size 2.800 Acres
Lot Dimensions 239 X 606 X 200 X 736
Property Description
Great investment opportunity with National Tenant (Traction Heavy Duty Parts). Traction Heavy Duty Parts is a wholly owned subsidiary of Genuine Parts Company. THEY ARE THE PREMIER HEAVY DUTY PARTS DISTRIBUTOR IN THE US. They have been a tenant there since 2009 and have 4 years remaining. This investment has a cap rate of 9.9% with a NNN lease. New roof within the last 2 years. There is also a mezzanine level which adds approximately 840 square feet. Expansion is possible. PLEASE DO NOT DISTURB TENANTS! All information is estimated and should be verified.
Location
State MI
County St. Clair
Area Columbus Twp
Zoning Light Industrial
Direction North of Division Rd on the West side of Gratiot Ave.
Interior
Heating Forced Air, Radiant
Heat Source Natural Gas
Exterior
Utilities Available 3 Phase Power, 220V Available
Road Frontage Paved
Building
Foundation Slab
Sewer Septic-Existing
Water Well-Existing
Level or Stories 1 Story
Structure Type Steel/Metal
Schools
School District Richmond
Others
Tax ID 74160313015200
Ownership Private Owned,Short Sale - No
SqFt Source seller
Assessment Amount $83
Financing Cash,Conventional
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