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33795 Riviera Dr
Fraser, MI 48026

Industrial Property For Sale

Investment Highlights

  • NOI: $107,644.
  • Tenant Responsibilities: Taxes, Insurance, Maintenance, Utilities, windows, doors, fixtures, lighting, plumbing, electrical & HVAC.
  • A/C throughout.
  • Landlord Responsibilities: roof, sprinkler system, parking lot & structure.
  • (2) 14' x 14' Grade Level Doors.

Executive Summary

15,380 SF Single Tenant NNN Investment. R.W. Mead & Sons, LLC has been operating here since the building was built in 1979. Tenant is a subsidiary of a private investment firm who owns 10 mechanical, electrical & other related specialty contracting firms. New 5 yr lease commenced 10/1/2024, with (1) 5 yr extension and 3% annual increases.

PROPERTY FACTS

Sale Type Investment NNN
Cap Rate 8.25%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.83 AC
Rentable Building Area 15,380 SF
No. Stories 2
Year Built 1979
Parking Ratio 2.28/1,000 SF
No. Drive In / Grade-Level Doors 1

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-11-32-402-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$376,700

zoning

Zoning Code IND <20K S
IND <20K S
  • Listing ID: 34159959

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 33795 Riviera Dr, Fraser, MI 48026

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