840 Oakland AveLansing, MI 48906

For Sale
$2,775,000

High-yield warehouse, fully occupied, 8.26% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 57,200 square foot industrial warehouse located at 840 E Oakland Ave, Lansing, MI 48906, in Ingham County. The property is currently 100% occupied by a single tenant under a Net Lease (NNN) agreement, offering a strong and stable income stream. The building features a 17-foot ceiling height, one loading dock, and one dock-high door, situated on a 1.72-acre lot. The property is zoned H, Light Industrial, aligning perfectly with its current use. With a total square footage of 57,200 square feet, the asking price is $2,775,000, resulting in a price per square foot of $48.51 and an attractive 8.26% capitalization rate. This fully leased asset offers investors a compelling combination of immediate return and potential for future appreciation in the dynamic Lansing market. The tenant, Vital Records Control, is a national leader in records management solutions, providing further assurance of long-term stability. This is a rare opportunity to acquire a high-performing industrial property in a desirable location.

Property Details for 840 Oakland Ave

Property type
Other warehouses, Other industrial properties
Square Feet
57,200 SF
Lot Size (sq. ft)
74,923 SF

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.74357021
Longitude
-84.53901011
840 Oakland Ave, Lansing, 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].
840 Oakland Ave
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