Pending For Sale IndustrialInvestment

Leased Investment Property

2325 Sybrandt Rd, Traverse City, MI, 49684

ID 70264a6c

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Overview

100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 8.5% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.

Additional Information

City: Traverse City
State: MI
Zip Code: 49684
Primary Uses: Industrial, Investment
Secondary Uses: Warehouse/Office, Warehouse/Distribution, Warehouse/Flex
Zoning: I-G
Zoning Description: General Industrial

# of Buildings: 1
Floors: 1
Year Built: 1,953
Minimum Ceiling Height: 16
Maximum Ceiling Height: 16
Office SF: 4,700 SF
Average Occupancy Rate: 100%