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Northern Great Lakes REALTORS MLS™

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3520 Rennie School Road

Traverse City, MI 49685

$1,350,000

MLS #1921395

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Description

Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.


Overview

Sale or Lease:

For Sale

Business Included:

No

Real Estate Included:

Yes

Square Footage:

12000 sqft

Acres:

1.72 acres

Township:

Garfield

County:

Grand Traverse


Features

Business Type:

Manufacture/Warehouse

Location:

Freestanding

Included in Lease:

Other

Zoning:

Industrial, Office, Commercial, Manufacture/Warehouse

Daniel Stiebel

Coldwell Banker Schmidt-522

dan@realestatetc.comwww.realestateTC.com

Compensations

Sub Agency

0.00%

Buyer Agency

2.50%

Transaction Coordinator

0.00%

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.