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1st Floor - Unit B&C
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Industrial
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12,000 SF
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$2,600,000 USD
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Unit Size: 12,000 SF
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Condo Use: Industrial
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Price: $2,600,000 USD
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Sale Type: Investment
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Price/SF: $216.67 USD
Description
2 Condos total included
Sale Notes
Exceptional opportunity for investors or owner-occupied users to acquire an 18,000 SF high-bay industrial property in a General Industrial District, allowing outdoor storage! This meticulously maintained property, constructed in 2006, offers a highly desirable 7.56% CAP rate with three established tenants. The property features three approximately 6,000 SF spaces, each with its own nicely finished office space, 21-foot clear span interiors, 7-inch concrete floors, and insulated power overhead doors. It boasts energy-efficient construction, updated LED lighting, and excellent mechanical systems. The General Industrial (G.I.) zoning, permitting outdoor storage, is very rare and hard to get as very few municipalities allow this. Lease expirations range from May 2026 to October 2028, with varying renewal options for each tenant. For a user, this offers the flexibility to occupy a space as a lease expires or continue with the existing tenant. Located just two miles off I-96 on an all-season, Grade A road, this income-producing property benefits from high-quality construction and low taxes in Green Oak Township. The sale includes four parcel ID numbers: 12801 Silver Lake (1611401004), 12805 Silver Lake (1611401003), 12809 Silver Lake (1611401002), and 12795 Silver Lake (1611400065). Please note that 12813 Silver Lake (1611401001) is not included in the sale. Broker-owned.
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Steve Gronow
Chestnut Development