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100 Harbor Dr
Charlevoix, MI 49720

$17,516,888 USD

Manufacturing For Sale  •  305,000 SF

Property Details

  • Property Type Manufacturing
  • Total Building Size 305,000 SF
  • Lot Size 15.12 AC
  • Building Class A
  • Year Built 2005
  • Cap Rate 8.50 %
  • Tenancy Single
  • Zoning I
40 Walk Score

Highlights

Long-Term Absolute Net Lease, featuring Above-Market 3.5% Annual Rental Increases throughout the Initial Term and all Option Periods.
Location Utilized as an Office, Manufacturing, and Warehouse Facility.
Harbor Industries, Founded in 1946, Operates a Design-through-Delivery Model, Combining Research, Design, Technology, Custom Manufacturing, and more.
Institutional Scale, Rarely Traded - 305,000 Square Feet on 14.82 Acres Delivers a Footprint that Almost Never Comes to Market North of Traverse City.
Regional Population Growth - the Traverse City MSA Grew 5.6% between 2014 and 2024 to Roughly 157,000 Residents.
US-31 Regional Corridor Frontage - Charlevoix Sits Directly on US-31, Northern Michigan’s Primary North-South Commercial Artery.
Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Harbor industries 305,000 SF 7/8/2046

Amenities

  • Security System
  • Common Parts WC Facilities
  • Fluorescent Lighting
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Surface
Included in Rent: Yes
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