3520 Rennie School Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3520 Rennie School Rd
12,000 SF 100% Leased Industrial Building Traverse City, MI 49685 $1,913,584 CAD ($159 CAD/SF) 7.90% Cap Rate
Investment Highlights
- 300' of frontage on Rennie School Road
- Good signage and parking opportunities.
Executive Summary
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.
Property Facts
| Price | $1,913,584 CAD | Lot Size | 1.73 AC |
| Price Per SF | $159 CAD | Rentable Building Area | 12,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.90% | Year Built | 1995 |
| Property Type | Industrial | No. Dock-High Doors/Loading | 1 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 5 |
| Building Class | C |
| Price | $1,913,584 CAD |
| Price Per SF | $159 CAD |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.73 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 5 |
1 of 1
PROPERTY TAXES
| Parcel Number | 05-033-007-40 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $459,163 CAD |
PROPERTY TAXES
Parcel Number
05-033-007-40
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$459,163 CAD
zoning
| Zoning Code | CM (Commercial/Manufacturing District) |
| CM (Commercial/Manufacturing District) |
-
Daniel Stiebel -
Coldwell Banker Schmidt Realtors
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3520 Rennie School Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.