2500 104Th AveZeeland, MI 49464

Property Details for 2500 104Th Ave

Lot size

8.79 AC

Property size (Sq ft)

83,609 SF

Zone code

I-2

Property type

Flex space

APN

70-16-13-300-023

APU

701613300023

Description

This exceptional investment opportunity presents a 62,109-square-foot manufacturing facility located at 2500 104th Avenue, Zeeland, MI 49464. The property, built in 1970, sits on an 8.79-acre lot and boasts a strong 100% occupancy rate under a single, long-term absolute NNN lease expiring July 7, 2041 (16.6 years remaining). The lease includes attractive 3.5% annual rent bumps, ensuring consistent income growth. The building features 16-foot ceilings, five dock-high doors, and two loading docks, ideal for efficient manufacturing operations. With a current NOI of $199,598 and an asking price of $3,070,738.46, this property offers a compelling 6.50% cap rate. The property's solid construction, including concrete and steel, and its strategic location in Ottawa County, Michigan, make it a highly desirable asset for long-term investors seeking stable, high-yield returns in the industrial sector. The property's well-maintained condition and robust infrastructure further enhance its investment appeal. This is a single-unit property with a price per square foot of $49.44 and a price per unit matching the asking price. The APN is 701613300023. This is an absolute NNN long-term lease investment.

Location Insight

City

Zeeland

County

Ottawa

State

Michigan

Latitude

42.8138

Longitude

-86.0372

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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