About 2325 Sybrandt Road
100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 8.5% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
Features of 2325 Sybrandt Road
| MLS® # | 1943241 |
|---|---|
| Price | $3,950,000 |
| Bathrooms | 2.00 |
| Square Footage | 58,960 |
| Acres | 3.46 |
| Year Built | 1953 |
| Type | Commercial |
| Sub-Type | Industrial |
| Status | Active U/C Taking Backups |
Community Information
| Address | 2325 Sybrandt Road |
|---|---|
| Subdivision | N/A |
| City | Traverse City |
| County | Grand Traverse |
| State | MI |
| Zip Code | 49684 |
Amenities
| Parking | Paved, Parking Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Space Heater, Natural Gas |
|---|---|
| Has Basement | No |
| Fireplace | No |
Exterior
| Lot Description | Industrial Park, Freestanding |
|---|---|
| Roof | Membrane |
| Construction | Block |
| Foundation | Slab |
Additional Information
| Days on Market | 62 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Coldwell Banker Schmidt Traverse City |
|---|