4808 Empire Way
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4808 Empire Way
50,000 SF Industrial Building Lansing, MI 48917 $5,440,000 ($109/SF) 7.35% Cap Rate
Investment Highlights
- Fully occupied with long-term lease
Executive Summary
Outstanding industrial investment opportunity @ a 7.35% cap rate.
The 50,000 SF building includes 2,248 SF office and 47,665 SF warehouse on 4.23 acres. TFT Global, Inc. (www.tftglobal.com) has entered into a long-term lease for the property, and it serves as a sequencing center for door panels provided to GM Delta Assembly plant, which is only 3 miles from the property.
Call agent for confidential offering memorandum.
The 50,000 SF building includes 2,248 SF office and 47,665 SF warehouse on 4.23 acres. TFT Global, Inc. (www.tftglobal.com) has entered into a long-term lease for the property, and it serves as a sequencing center for door panels provided to GM Delta Assembly plant, which is only 3 miles from the property.
Call agent for confidential offering memorandum.
Property Facts Under Contract
| Price | $5,440,000 | Lot Size | 4.23 AC |
| Price Per SF | $109 | Rentable Building Area | 50,000 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.35% | Year Built | 2016 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 25 FT |
| Building Class | C | No. Dock-High Doors/Loading | 6 |
| Price | $5,440,000 |
| Price Per SF | $109 |
| Sale Type | Investment NNN |
| Cap Rate | 7.35% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.23 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Tenancy | Single |
| Clear Ceiling Height | 25 FT |
| No. Dock-High Doors/Loading | 6 |
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PROPERTY TAXES
| Parcel Number | 04008480017001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,828,400 |
PROPERTY TAXES
Parcel Number
04008480017001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,828,400
zoning
| Zoning Code | I-Industrial |
| I-Industrial |
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4808 Empire Way
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