827 Moll Dr
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827 Moll Dr
42,168 SF Industrial Building Boyne City, MI 49712 $2,986,200 CAD ($71 CAD/SF) 7.70% Cap Rate
Investment Highlights
- New parking lot installed on north side of building & new LED motion lights in 2016.
- North side of building features one dock door and two overhead doors.
- Total site area of ±6.50 acres gives ample space for parking and outdoor storage.
- Adjacent to 43 Acre Magna-LexaMar Manufacturing Plant.
- South side of building features four dock doors and one overhead door.
- Within a 3 mile radius, there are 530k SF of industrial properties with a vacancy rate of 0% indicating limited supply and sustained demand.
Executive Summary
NN Lease - Landlord Responsible for Roof, Parking Lot, Taxes. New roof installed in 2019 with 15 year warranty in place.
Property Facts Under Contract
| Price | $2,986,200 CAD | Rentable Building Area | 42,168 SF |
| Price Per SF | $71 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 2000/2016 |
| Cap Rate | 7.70% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.21/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 17 ft |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 6.72 AC |
| Price | $2,986,200 CAD |
| Price Per SF | $71 CAD |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 6.72 AC |
| Rentable Building Area | 42,168 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2000/2016 |
| Tenancy | Single |
| Parking Ratio | 0.21/1,000 SF |
| Clear Ceiling Height | 17 ft |
| No. Drive In / Grade-Level Doors | 3 |
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PROPERTY TAXES
| Parcel Number | 05130601410 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,449,361 CAD |
PROPERTY TAXES
Parcel Number
05130601410
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,449,361 CAD
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827 Moll Dr
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