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33380-33386 Groesbeck Hwy

14,000 SF 100% Leased Industrial Building Fraser, MI 48026 $1,300,000 ($93/SF) 2.85% Cap Rate

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Investment Highlights

14,035 SF Industrial Building
Three (3) Month-to-Month Tenants
Four (4) Overhead Doors

Four (4) Unit Industrial Multi-Tenant
Separately Metered Units

Executive Summary

14,035 SF industrial multi-tenant building; four (4) unit building, that is separately metered for gas, electric, and water. Unit sizes are 7,200 SF, 1,160 SF, 2,436 SF, and 2,944 SF. Ceiling height is 14' - 18', one (1) 10' x 12', and three (3) 12' x 14' overhead doors. The 7,200 SF unit has a 1,160 SF office space and the other units contain approximately 15% office. Three (3) month-to-month tenants occupy the premises.

Brochure

Property Facts

Price	$1,300,000	Lot Size	1.51 AC
Price Per SF	$93	Rentable Building Area	14,000 SF
Sale Type	Investment	No. Stories	1
Cap Rate	2.85%	Year Built	1989
Property Type	Industrial	Parking Ratio	0.4/1,000 SF
Property Subtype	Manufacturing Industrial Distribution Industrial Warehouse	Clear Ceiling Height	18 FT
Building Class	C	No. Drive In / Grade-Level Doors	4

Price	$1,300,000
Price Per SF	$93
Sale Type	Investment
Cap Rate	2.85%
Property Type	Industrial
Property Subtype	Manufacturing Industrial Distribution Industrial Warehouse
Building Class	C
Lot Size	1.51 AC
Rentable Building Area	14,000 SF
No. Stories	1
Year Built	1989
Parking Ratio	0.4/1,000 SF
Clear Ceiling Height	18 FT
No. Drive In / Grade-Level Doors	4

Heating - Gas

PROPERTY TAXES

Parcel Number	03-11-32-476-062	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$588,400

PROPERTY TAXES

Parcel Number

03-11-32-476-062

Land Assessment

Improvements Assessment

Total Assessment

$588,400

zoning

Zoning Code	Lt. Industrial
Lt. Industrial

Listing ID: 32629895
Date on Market: 7/30/2024
Last Updated:
Address: 33380-33386 Groesbeck Hwy, Fraser, MI 48026

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33380-33386 Groesbeck Hwy, Fraser, MI for sale Building Photo- Image 1 of 3 — 137244070233380-33386_Groesbeck_Hwy_Fraser

33380-33386 Groesbeck Hwy, Fraser, MI for sale Floor Plan- Image 2 of 3 — Site_Plan

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