33795 Riviera Dr | Fraser, MI 48026
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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 | Rentable Building Area | 15,380 SF |
Cap Rate | 8.25% | No. Stories | 2 |
Property Type | Industrial | Year Built | 1979 |
Property Subtype | Warehouse | Parking Ratio | 2.28/1,000 SF |
Building Class | C | No. Drive In / Grade-Level Doors | 1 |
Lot Size | 0.83 AC |
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
Parcel Number | 03-11-32-402-009 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $376,700 |
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 |
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