Downtown New Hudson | 56495 Grand River Ave
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Downtown New Hudson 56495 Grand River Ave
19,800 SF Industrial Building New Hudson, MI 48165 $3,331,054 CAD ($168 CAD/SF) 8.79% Cap Rate
Investment Highlights
- Fully Equipped
Executive Summary
Investment Property in downtown New Hudson; Area has been rezoned to support future mix used projects in order to expand on the downtown area. The area is currently home to new business with more to come. The community is home to over 600 new homes a year and 1000 jobs be added to community each year through the corporate industrial base that continues to grow; one of the top best growth communities in SE MI markets. The sale will come with a lease with a well know distillery willing to sign a long term lease of 10 years for 9,360 sf NNN final terms of such Lease can be negotiated with the Buyer and Tenant.
Pool Company occupying 6480 sf. The Landlord will consider a sign a place holder lease at market rents for 1 yr term in order for Buyer to backfill w a permanent Tenant for the remaining portion of the building +/-3960 sf at a market rent.
This building has many potential uses. It is fully equipped with two commercial kitchens, a large office area, and a huge warehouse space with bays to drive trucks in and out of. A must see in growing New Hudson area.
Grand River, east of Milford Road
Pool Company occupying 6480 sf. The Landlord will consider a sign a place holder lease at market rents for 1 yr term in order for Buyer to backfill w a permanent Tenant for the remaining portion of the building +/-3960 sf at a market rent.
This building has many potential uses. It is fully equipped with two commercial kitchens, a large office area, and a huge warehouse space with bays to drive trucks in and out of. A must see in growing New Hudson area.
Grand River, east of Milford Road
Property Facts
| Price | $3,331,054 CAD | Rentable Building Area | 19,800 SF |
| Price Per SF | $168 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1948 |
| Cap Rate | 8.79% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 10/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16 ft |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Lot Size | 3.21 AC |
| Price | $3,331,054 CAD |
| Price Per SF | $168 CAD |
| Sale Type | Investment |
| Cap Rate | 8.79% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.21 AC |
| Rentable Building Area | 19,800 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Tenancy | Single |
| Parking Ratio | 10/1,000 SF |
| Clear Ceiling Height | 16 ft |
| No. Drive In / Grade-Level Doors | 6 |
Amenities
- Fenced Lot
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 12,600 SF
- Industrial
- -
- 60 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 12,600 SF | Industrial | - | 60 Days |
1st Floor
| Size |
| 12,600 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 60 Days |
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PROPERTY TAXES
| Parcel Number | 21-03-352-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $805,881 CAD |
PROPERTY TAXES
Parcel Number
21-03-352-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$805,881 CAD
zoning
| Zoning Code | II |
| II |
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Downtown New Hudson | 56495 Grand River Ave
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