1721 James P Cole BlvdFlint, MI 48503

For Sale
$1,997,000

High-Cap Rate, Single-Tenant Warehouse

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 57,267-square-foot industrial property, located at 1721 James P Cole Blvd in Flint, Michigan, presents a compelling investment opportunity. Boasting a 7.51% cap rate and a strong NOI of $150,000, this Class B building offers significant upside potential. Completely renovated in 2023, the property features modern upgrades including LED lighting, improved loading docks, and fresh interior and exterior paint. The single-tenant, net-lease structure provides stability with a corporate guarantee and a five-year lease term remaining. The building features 18-foot ceilings, four dock-high doors, and three loading docks, along with ample parking (25 spaces). Situated on a single story, this 1-unit facility benefits from a heavy industrial zoning designation. Its strategic location within a larger industrial park, adjacent to the Lear plant and the Flint Buick City redevelopment project (over 300 acres of new industrial development), ensures strong future growth prospects. The asking price is $1,997,000, translating to $34.87 per square foot. This property is ideal for investors seeking a stable, high-yielding asset with significant long-term growth potential. Built in 1970, this well-maintained building offers a blend of established infrastructure and modern amenities. Rent bumps are included in the lease agreement.

Property Details for 1721 James P Cole Blvd

Property type
Other warehouses, Other industrial properties
Square Feet
57,267 SF
Class
B
Year Built/Renovated
1970/2023
Buildings
1
Stories
1
Units
1

Location Insight

City
Flint
County
Genesee
State
Michigan
Latitude
43.0323432
Longitude
-83.6842819
1721 James P Cole Blvd, Flint, Michigan

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1721 James P Cole Blvd
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