1700 James Savage RdMidland, MI 48642

For Sale
$7,950,000
200,000 SF Manufacturing/Warehouse, 10% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional net-lease industrial property in Midland, Michigan, presents a compelling investment opportunity. Located at 1700 James Savage Rd, 48642, this 200,000 square foot facility sits on a 10.3-acre lot and boasts a strong 10% capitalization rate, making it an attractive addition to any portfolio. The building is ideally situated near major employers, including Dow's Michigan Operations and XALT Energy, ensuring high occupancy potential. The property features a versatile layout suitable for manufacturing, research and development, or warehousing operations. The building includes approximately 19,800 square feet of office space, providing ample administrative area. Loading and unloading are facilitated by eleven loading docks, including eleven dock-high doors, plus additional drive-in bays. Further enhancing the property's functionality is a 2,880 square foot pole building. The asking price is $7,950,000, translating to a price per square foot of $39.75. This multi-tenant property offers a modified lease structure, providing flexibility and potential for long-term income generation. The property's prime location and robust features make it an ideal investment for discerning buyers seeking a high-return, low-risk opportunity in a thriving industrial market. The property is strategically located on Business US-10, providing excellent access to major transportation routes.

Highlights

  • Net-lease industrial property in Midland, MI, offering a 10% capitalization rate.
  • 200,000 SF facility on a 10.3-acre lot at 1700 James Savage Rd, 48642.
  • $7,950,000 asking price ($39.75/SF).
  • Eleven loading docks (eleven dock-high doors) plus drive-in bays; 19,800 SF of office space; 2,880 SF pole building.
  • Prime location near Dow and XALT Energy, on Business US-10, with high occupancy potential.

Property Details for 1700 James Savage Rd

Property type
Warehouses, Life science properties
Square Feet
200,000 SF
Lot Size (sq. ft)
448,668 SF

Location Insight

City
Midland
County
Midland
State
Michigan
Latitude
43.610985881901
Longitude
-84.207192096009
1700 James Savage Rd, Midland, Michigan

FAQs

What type of property is this?
Warehouse - 200,000 SF Manufacturing/Warehouse, 10% Cap Rate
Where is the warehouse located?
The property is located at 1700 James Savage Rd Midland, MI.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Net-lease industrial property in Midland, MI, offering a 10% capitalization rate.; 200,000 SF facility on a 10.3-acre lot at 1700 James Savage Rd, 48642.; $7,950,000 asking price ($39.75/SF).
How can I contact the broker?
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1700 James Savage Rd
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