$1,900,000
$1,900,000
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1610 W South Airport Road Garfield Twp, MI 49686
24,711 SqFt
Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 24,711 sqft
Price per Sqft $76
MLS Listing ID 78080000464
Year Built 1965
Lot Size 2.120 Acres
Property Description
Fantastic opportunity to own a great commercial property along South Airport road with a high quality Tenant in place. Property consists of 2.12 Acres of land and over 24,000 sq ft of buildings. The main building had a new high quality roof installed just over a year ago and is used for a showroom, offices and shop area. The two rear buildings are used for warehousing to support the tenants northern Michigan operations. Tenant is on the second year of a five year lease with a option to renew for additional five years. Current year CAP rate is 7.4% with yearly increases throughout lease and extension.
Location
State MI
County Grand Traverse
Zoning Commercial
Interior
Heating Forced Air, Central Air
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Steel
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Unknown/Data Share Listings
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Bought with Three West, LLC