4908 Contec DrLansing, MI 48910

For Sale
$2,300,000

High-yield industrial warehouse, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully occupied, single-tenant industrial warehouse located at 4908 Contec Dr, Lansing, MI 48910. The property boasts 30,770 square feet situated on a 2.2-acre lot within a Lansing industrial park. Built in 1999 and renovated in 2019, the building features 24-foot ceilings, two loading docks with two dock-high doors, and a functional layout combining 6,720 square feet of office space with 24,050 square feet of warehouse space. The property benefits from a highly desirable location, offering easy access to I-496 and I-96, ensuring convenient connectivity throughout the greater Lansing area. Currently operating under a net lease with a long-term tenant, Extend Your Reach (EYR), a well-established mail and marketing company, this asset provides a stable income stream with an 8.00% cap rate. The property is zoned Ind-I, Suburban Industrial, and its size and layout offer adaptability for future users, providing long-term flexibility for investors. The asking price is $2,300,000. The property's APN is 33-01-55-710-000.

Highlights

  • Fully occupied, single-tenant industrial warehouse in Lansing, MI.
  • 30,770 SF building on a 2.2-acre lot in an industrial park.
  • Built in 1999, renovated in 2019, featuring 24' ceilings, two loading docks with two dock-high doors, and 6,720 SF of office space.
  • Excellent location with easy access to I-496 and I-96; long-term net lease with established tenant (EYR), 8.00% cap rate.
  • $2,300,000 asking price; APN 33-01-55-710-000; Ind-I zoning.

Property Details for 4908 Contec Dr

Property type
Other warehouses, Other industrial properties
Square Feet
30,770 SF
Year Built/Renovated
1999/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
95,832 SF

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.6854176
Longitude
-84.5300518
4908 Contec Dr, Lansing, Michigan

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4908 Contec Dr
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