Coldwater, MI 49036,127-129 Industrial Avenue
$1,550,000
Est.Price: ?

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66,250 SqFt

127-129 Industrial Avenue Coldwater, MI 49036

Est. payment /mo
SOLD DATE : 07/15/2021

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Key Details

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 66,250 sqft

Price per Sqft $22

MLS Listing ID 66021006188

Sold Date 07/15/21

Year Built 1969

Annual Tax Amount $18,904

Lot Size 5.350 Acres

Acres 5.35

Lot Dimensions Irregular

Source Greater Kalamazoo Association of REALTORS®

Property Description

RARE MULTI-TENANTED INDUSTRIAL INVESTMENT PROPERTY: 66,250 SF industrial building on 5.35-acre parcel in the Coldwater South Industrial Park. Currently 92% occupied with flexible leases, an in-place NOI of $137,500 and cap rate of 8.9%, this multi-tenanted facility offers a variety of opportunities, including as owner-occupied, with short-term leases that allow flexibility and immediate income. Property offers heating and A/C throughout the original 41,250 SF facility with 16' clear ceiling height and 20-24' ceiling height in the 25,000 SF 2005 addition. All with heavy power. Several interior and exterior overhead doors/truck wells located throughout, ample on-site parking with multiple ingress/egress options. Many long-term tenants include DWV Mechanical, C&M Manufacturing,Biz Aid, Infinisource, Sterling Technologies and Groholski Manufacturing Solutions.; Power/Phase: 3; Power/Voltage: 1200-2000 A/480 V

Location

State MI

County Branch

Area Coldwater

Zoning Commercial,Office,Residential

Direction Located 2.5 miles SW of I-69 in the Coldwater South Industrial Park.

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Utilities Available Fire Sprinkler

Roof Type Metal,Other

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water 3rd Party Unknown, Public (Municipal), Water at Street

Structure Type Block/Concrete/Masonry,Brick,Metal Siding,Steel,Stone

Schools

School District Coldwater

Others

Tax ID 30400000057700

Acceptable Financing Cash

Rebuilt Year 1995

Listing Terms Cash

Financing Cash

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Jodi K Milks of NAI Wisinski of West Michigan
Bought with NAI Wisinski of West Michigan

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Kristin Berry

Kristin Berry

Agent | License ID: 6501389369

+1(248) 860-9146

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