For Sale
$18,205,000

3303 John F Donnelly Dr Holland, MI 49424

$18.2M, 200k SF, 11+ Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents two meticulously maintained industrial buildings totaling 200,000 square feet, situated on a 2-acre lot in Holland, Michigan. The property consists of two buildings located at 3303 and 3455 John F Donnelly Drive, both currently 100% occupied under a single, long-term Net Net Net (NNN) lease with 11.1 years remaining until expiration (December 31, 2035). The lease commenced August 5, 2020, and includes a 15.4-year initial term. The buildings are zoned for industrial use and boast a 6.00% cap rate. One building (3455) was originally constructed and expanded over 30 years by the initial owner/tenant, while the other (3303) was purchased and upgraded for expansion by the same owner/tenant. Both facilities have been impeccably maintained by the current owner/tenant, with parking lots, roofs, HVAC systems, and other key infrastructure in excellent condition, requiring no immediate repairs. The tenant has plans for future expansion, adding additional square footage at their own expense and incorporating it into the leaseback agreement. This sale-leaseback opportunity offers a secure, long-term investment with a high-quality tenant and a proven track record of meticulous maintenance. The property is located in Ottawa County, Michigan, with a zip code of 49424. A three-year lease option is available.

Highlights

  • 100% occupancy with a long-term lease and a highly-rated tenant facilities team.

Property Details for 3303 John F Donnelly Dr

Property type
Warehouses, Industrial properties
Square Feet
200,000 SF
Buildings
2
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Holland
County
Ottawa
State
Michigan
Latitude
42.8287517
Longitude
-86.1067272

FAQs

What type of property is this?
Warehouse - $18.2M, 200k SF, 11+ Year Lease
Where is the warehouse located?
The property is located at 3303 John F Donnelly Dr Holland, MI.
What is the asking price?
The asking price for this property is $18,205,000.
What are key features of this property?
This property features: 100% occupancy with a long-term lease and a highly-rated tenant facilities team.; ;
How can I contact the broker?
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3303 John F Donnelly Dr
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