3520 Rennie School Road
Traverse City, MI 49685
$1,350,000
MLS #1921395
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
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.