1867 Cass Hartman Court, Traverse City, MI

Industrial for Sale - $4,194,000 - 64,518 Sq. Ft.


Agent Info

Dan Stiebel
Coldwell Banker Schmidt

Property Info

CIMLS#1150829
Location
  1867 Cass Hartman Court
  Traverse City MI 49685
UpdatedApril 29th, 2024
TypeIndustrial
Price$4,194,000
Building64,518 Sq. Ft.

Property Description

Industrial investment opportunity! This offering is for a sale-leaseback opportunity at a 9% CAP Rate. Building has undergone extensive upgrades and features over 40,000 SF with ceiling heights up to 24' and 22,000 SF with ceilings up to 20'. Building has newer fire suppression system, heavy duty electric, multiple truck wells and loading docks, lunch room, multiple bathrooms and 3-4 offices. Business will lease building back on NNN lease for 3 years with 1 year option.


Financials