Description
Large 107,000 SF industrial investment property on over 11 acres for sale just East of Downtown Kalkaska and only a short drive to Traverse City. Approximately 50% of the building is currently occupied by a solid tenant on a long-term lease, and the property is priced at an approximate 9% CAP Rate. This is one of the largest facilities in Northern MI, and features 4 grade level doors and 2 dock-high doors, 16 offices, 4 restrooms, full fire suppression, security system, and customizable, large capacity 3 phase power. This property has recently undergone extensive updates, and the large lot of land offers plenty of space for expansion and additional buildings.
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0BEDS
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11ACRES
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0BATHS
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01/2 BATHS
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107,000SQFT
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$112$/SQFT
School Ratings & Info
Description
Large 107,000 SF industrial investment property on over 11 acres for sale just East of Downtown Kalkaska and only a short drive to Traverse City. Approximately 50% of the building is currently occupied by a solid tenant on a long-term lease, and the property is priced at an approximate 9% CAP Rate. This is one of the largest facilities in Northern MI, and features 4 grade level doors and 2 dock-high doors, 16 offices, 4 restrooms, full fire suppression, security system, and customizable, large capacity 3 phase power. This property has recently undergone extensive updates, and the large lot of land offers plenty of space for expansion and additional buildings.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2023 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2023-11-28T20:52:00.537.