6830 Grand Haven RdNorton Shores, MI 49456

For Sale
$4,367,308

75,000 SF Manufacturing Facility, 6.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
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
Square Feet
75,000 SF
Buildings
1
Lot Size (sq. ft)
474,804 SF

Location Insight

City
Norton Shores
County
Muskegon
State
Michigan
Latitude
43.127669091859
Longitude
-86.218465434501
6830 Grand Haven Rd, Norton Shores, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6830 Grand Haven Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message