For Sale
$300,000
135 Zavada Dr Crystal Falls, MI 49920
5,000 SF Flex Space; 8% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- $300,000 purchase price for a stabilized industrial flex property.
- $30,000 annual rent, yielding approximately $24,000 net operating income (NOI) after $6,000 in landlord-paid real estate taxes.
- 8% capitalization rate.
- Triple-net (NNN) lease in place through November 2027, with a tenant renewal option; tenant pays all utilities and $1,000 annually toward property taxes; landlord handles snow removal.
- Suitable for a 1031 exchange; property appraises favorably.
Property Details for 135 Zavada Dr
- Property type
- Industrial properties, Flex space
- Square Feet
- 5,000 SF
- Class
- B
- Year Built
- 1995
Location Insight
- City
- Crystal Falls
- County
- Iron
- State
- Michigan
- Latitude
- 46.098577
- Longitude
- -88.352575
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Industrial property - 5,000 SF Flex Space; 8% Cap Rate
- Where is the industrial property located?
- The property is located at 135 Zavada Dr Crystal Falls, MI.
- What is the asking price?
- The asking price for this property is $300,000.
- What are key features of this property?
- This property features: $300,000 purchase price for a stabilized industrial flex property.; $30,000 annual rent, yielding approximately $24,000 net operating income (NOI) after $6,000 in landlord-paid real estate taxes.; 8% capitalization rate.
- How can I contact the broker?
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