About 55905 92nd Avenue
Investment Opportunity with Triple Net Industrial Lease! Gross Potential rent of over 175K with annual 2 % increases. Cap rate over 8%. Owner will cooperate with tax deferred exchanges! 8 years left on current lease with options for 10 more years. 63,000 s.f .total with a total of 7.1 acres.
Features of 55905 92nd Avenue
MLS® # | 23144901 |
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Price | $1,890,000 |
Bathrooms | 3.00 |
Full Baths | 3 |
Square Footage | 63,148 |
Acres | 7.30 |
Year Built | 1955 |
Type | Commercial Sale |
Sub-Type | Industrial |
Status | Active |
Community Information
Address | 55905 92nd Avenue |
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Area | Greater Kalamazoo - K |
City | Dowagiac |
County | Van Buren |
State | MI |
Zip Code | 49047 |
Amenities
Parking | Paved |
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Is Waterfront | No |
Has Pool | No |
Interior
Fireplace | No |
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# of Fireplaces | 3 |
Exterior
Roof | Metal |
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School Information
District | Decatur |
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Additional Information
Legal | see attached document |
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New Construction | No |
Sewer | Septic System |
Water | Well, Public |
Financial Details
Annual Property Tax | $24,652 |
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Tax ID # | 801003200401 |
Taxable Value | 630600.00 |
Listing Details
Agent | Pat O'brien |
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Office | O'Brien Real Estate |