3520 Rennie School Road, Traverse City, MI

Others for Sale - $1,350,000 - 12,000 Sq. Ft.


Agent Info

Dan Stiebel
Coldwell Banker Schmidt

Property Info

CIMLS#1158390
Location
  3520 Rennie School Road
  Traverse City MI 49685
UpdatedSeptember 19th, 2024
TypeOthers
Price$1,350,000
Building12,000 Sq. Ft.

Property Description

Fully leased Investment property with 7.9% cap rate based on projected income. 3 industrial buildings with 300' of frontage on Rennie School Road. 1.7 acre parcel with outdoor storage, good signage and good parking. Building A is 5,520 SF with 7-8 offices, shop space with loft storage, and 3 overhead doors (two at grade level and one with a truck loading dock). Building B is 3,280 SF warehouse with a paint booth. Building C is 3,200 SF insulated warehouse, divided into two sections with 3 overhead doors. All spaces are leased with terms ranging from 1-4 years.


Financials


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