About 55905 92nd Avenue
Investment Opportunity with Triple Net Industrial Lease! Gross Potential rent of over 175K with annual 2 % increases. Cap rate over 8%. Owner will cooperate with tax deferred exchanges! 8 years left on current lease with options for 10 more years. 63,000 s.f .total with a total of 7.1 acres.
Features of 55905 92nd Avenue
| MLS® # | 23144901 |
|---|---|
| Price | $1,890,000 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 63,148 |
| Acres | 7.30 |
| Year Built | 1955 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 55905 92nd Avenue |
|---|---|
| Area | Greater Kalamazoo - K |
| City | Dowagiac |
| County | Van Buren |
| State | MI |
| Zip Code | 49047 |
Amenities
| Parking | Paved |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Fireplaces | 3 |
Exterior
| Roof | Metal |
|---|
School Information
| District | Decatur |
|---|
Additional Information
| Legal | see attached document |
|---|---|
| New Construction | No |
| Sewer | Septic System |
| Water | Well, Public |
Financial Details
| Annual Property Tax | $24,652 |
|---|---|
| Tax ID # | 801003200401 |
| Taxable Value | 630600.00 |
Listing Details
| Agent | Pat O'brien |
|---|---|
| Office | O'Brien Real Estate |