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 | |
Updated | September 19th, 2024 |
Type | Others |
Price | $1,350,000 |
Building | 12,000 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.