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This exceptional industrial property, located at 6830 Grand Haven Road in Norton Shores, Michigan, presents a compelling investment opportunity. The single-story, 75,000 square foot building boasts a robust concrete and steel construction, ideal for manufacturing operations. With a current asking price of $4,367,308, this Net Lease property offers a strong 6.50% cap rate and a substantial net operating income (NOI) of $283,875. The property sits on a 10.9-acre lot and is zoned for general industrial use. The building features six loading docks and four dock-high doors, along with ceiling heights ranging from 24 to 33 feet, providing ample space and functionality. The current lease is an Absolute NNN, single-tenant agreement with a remaining term of 16.6 years, expiring July 7, 2041, and includes 3.5% annual rent bumps. This well-maintained facility is strategically located in Muskegon County, Michigan, with easy access to major transportation routes. The property's strong construction, long-term lease, and attractive financial metrics make it an exceptional addition to any industrial investment portfolio. The building's design and infrastructure are well-suited for manufacturing, featuring heavy-duty floors and robust power capabilities. This is a rare opportunity to acquire a high-quality, long-term, net-leased industrial asset in a desirable location. The property's size, features, and lease terms provide significant stability and potential for future growth.
Property Details
for 6830 Grand Haven Rd
Property type
Other industrial properties, Manufacturing properties
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6830 Grand Haven Rd, Norton Shores, Michigan, 49456
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.