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1055 7 Mile Rd NW

179,429 SF 100% Leased Industrial Building Comstock Park, MI 49321 $24,400,000 ($136/SF) 7.76% Cap Rate

EXECUTIVE SUMMARY

Kwekel Companies is pleased to offer the multi-tenant investment sale of this 179,429 square foot Class A, cold storage industrial facility located on an 18 acre site in Grand Rapids, MI. The facility is 100% occupied by three key tenants, Vine Line Produce, Riveridge Packing and Proos Manufacturing.

PROPERTY FACTS

Price $24,400,000
Price Per SF $136
Sale Type Investment NNN
Cap Rate 7.76%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Refrigeration ColdStorage
Building Class A
Lot Size 18.80 AC
Rentable Building Area 179,429 SF
No. Stories 1
Year Built 2013
Parking Ratio 0.9/1,000 SF
Clear Ceiling Height 30’
No. Dock-High Doors/Loading 16
No. Drive In / Grade-Level Doors 4

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-09-14-400-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,170,900

ZONING

Zoning Code I-1 (Light Industrial)
I-1 (Light Industrial)
  • Listing ID: 34900308

  • Date on Market: 2/21/2025

  • Last Updated:

  • Address: 1055 7 Mile Rd NW, Comstock Park, MI 49321

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