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Builders & Plumbing Supply Co. 700 S Hosmer St

51,340 SF Industrial Building Lansing, MI 48912 $4,217,214 ($82/SF) 6.55% Cap Rate

Warehouses Michigan Lansing 700 S Hosmer St, Lansing, MI 48912

Investment Highlights

  • New Five (5) Year Net Lease with Two (2) Three (3) Year Options to Renew.
  • Tremendous Location at the Pennsylvania/I-496 Interchange (Exit 7).
  • Dock Shelters, Load Levelers, and Paved, Lit, Drained, & Fenced Yard.
  • Tenant Has 100’s of Locations Across North America and a Net Worth Between $4-5 Billion Dollars!
  • Large Showroom, Customer Will Call Area, and Offices Recently Remodeled.

Executive Summary

700 S Hosmer Road in Lansing, Michigan is a 51,340 SF fully leased distribution center. 700 S Hosmer serves as their main distribution center
in Michigan which supplies their Midland, Ann Arbor, Kalamazoo and Grand Rapids locations. Tremendous Location at the Pennsylvania/I-496 Interchange (Exit 7).

Attachments

700 S. Hosmer, Lansing Investment Flyer-RFS

Property Facts

Price $4,217,214 Lot Size 4.26 AC
Price Per SF $82 Rentable Building Area 51,340 SF
Sale Type Investment No. Stories 1
Cap Rate 6.55% Year Built 2005
Sale Conditions High Vacancy Property Tenancy Single
Property Type Industrial Parking Ratio 1.07/1,000 SF
Property Subtype
Warehouse
  • Industrial Food Processing
  • Industrial Manufacturing
 No. Dock-High Doors/Loading 16
Building Class B Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $4,217,214
Price Per SF $82
Sale Type Investment
Cap Rate 6.55%
Sale Conditions High Vacancy Property
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Food Processing
  • Industrial Manufacturing
Building Class B
Lot Size 4.26 AC
Rentable Building Area 51,340 SF
No. Stories 1
Year Built 2005
Tenancy Single
Parking Ratio 1.07/1,000 SF
No. Dock-High Doors/Loading 16
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Fenced Lot

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
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700 S Hosmer St, Lansing, MI - aerial map view - Image1
700 S Hosmer St, Lansing, MI - aerial map view - Image2
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
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PROPERTY TAXES

Parcel Number 01-01-15-351-033 Improvements Assessment $810,800
Land Assessment $144,700 Total Assessment $955,500

PROPERTY TAXES

Parcel Number
01-01-15-351-033
Land Assessment
$144,700
Improvements Assessment
$810,800
Total Assessment
$955,500

zoning

Zoning Code Industrial (Heavy Industrial)
Industrial (Heavy Industrial)
(248) 536-2888

Contacts

  • Listing ID: 27302321

  • Date on Market: 12/13/2022

  • Last Updated:

  • Address: 700 S Hosmer St, Lansing, MI 48912

More public record information on 700 S Hosmer St, Lansing, MI 48912

The Industrial Property at 700 S Hosmer St, Lansing, MI 48912 is currently available for sale. Contact Burger and Company for more information.

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700 S Hosmer St, Lansing, MI for sale Building Photo- Image 1 of 11
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700 S Hosmer St, Lansing, MI for sale Building Photo- Image 2 of 11
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700 S Hosmer St, Lansing, MI for sale Aerial- Image 3 of 11
Aerial
700 S Hosmer St, Lansing, MI for sale Building Photo- Image 4 of 11
Exterior Docks and drive ins
700 S Hosmer St, Lansing, MI for sale Building Photo- Image 5 of 11
Building Photo
700 S Hosmer St, Lansing, MI for sale Interior Photo- Image 6 of 11
Office
700 S Hosmer St, Lansing, MI for sale Interior Photo- Image 7 of 11
Showroom
700 S Hosmer St, Lansing, MI for sale Interior Photo- Image 8 of 11
Dock
700 S Hosmer St, Lansing, MI for sale Interior Photo- Image 9 of 11
Warehouse
700 S Hosmer St, Lansing, MI for sale Aerial- Image 10 of 11
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Builders & Plumbing Supply Co. | 700 S Hosmer St
(248) 536-2888 x

Builders & Plumbing Supply Co. | 700 S Hosmer St

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Paul Burger

(248) 536-2888

(248) 536-2888

Nicolo Burger, SIOR, CCIM

(810) 224-8103

(810) 224-8103

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