5430 LLC

Industrial for Sale
Catylist Listing ID: 29821707
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Net Leased, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 57,000 SF
Gross Building Area: See Agent
Gross Land Area: 7.20 Acres
Sale Price: $1,485,000
Unit Price: $26.05 PSF
Ceiling: 18 ft.
Docks/Doors: 3 Docks, 3 Doors
Office SF: 5,661 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Central Warehouse Operations
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 10/10/2017

Overview / Comments

11.25% Cap rate on new 3 year lease with Central Warehouse Operations!!! The building is a masonry steel structure, containing a total of 57,935 sq. ft. of building area. The building has been broken down into two units (north and south), with approximately 6,400 sq. ft. of office and 57,900 sq. ft. of total building area.

There have been extensive improvements to the property in 2002 & 2004. New roof with a 20 year warranty, 2,000 amp 3 phase electrical service, wet / dry sprinkler system, back up gas generator, fenced parking, and loading docks.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: Bridgeport
Tax ID/APN: 09-11-5-05-4018-002
Zoning: M-1
Market Type: Medium
Property Located Between: Dixie Highway and King Rd
Side of Street: West
Road Type: Highway
Transportation: Highway
Highway Access: The property has frontage on Dixie Hwy and King road with excellent access and visibility. Dixie Hwy is a five lane, two way, hard surfaced street.
Airports: MBS, H.W. Browne Airport
Site Description: The site has the availability of all public utilities and Township services. The utilities currently available to the site include: municipal water, sanitary and storm sewer, natural gas, and electricity. The site is generally level and situated at both street grades.
Area Description: The property is situated in the northwestern portion of Bridgeport Township, Saginaw County. Bridgeport is southeast of the city of Saginaw, bordered by Buena Vista Township to the north, Frakenmuth to the east and Spaulding to the west. The principal traffic artery through Bridgeport is I-75, which runs diagonal through the eastern portion of the Township.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 57,000 SF
Property Condition: Good
Year Built: 1978
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Good visibility / access. Single story with brick / block construction. Fenced loading / storage area.
Parking Type: Surface
Parking Description: Hard surfaced and 40% was resurfaced in 2010. Two exterior parking lot lighting fixtures.
Total Parking Spaces: 300
Overhead Cranes: 2
Amps: 2,000
X-Phase: 3
Heat Type: Suspended Radiant Heaters
Heat Source: Radiant
Air Conditioning: Other
Lighting: Fluorescent, Metal Halide
Internet Access: T1/T3
Interior Description: Concrete block walls, with steel support frame support columns and a flat metal deck roof structure. Features include a wet / dry sprinkler system, various bay spacing of 40' X 40' and 30' X 25' with a combination of office / ware house areas. The warehouse features 16' to 24' eave heights, depending on location within the facility. Reinforced concrete flooring and load bearing walls. Roof is predominately flat, built-up metal decking and steel bar joint construction. The roof has 3" of added insulation and a new membrane rubber roof. The south unit was re-roofed in 2002 and north unit in 2004. The roof carry's a 20 year warranty. (3) docks and (3) 10' X 10' overhead doors.
Zoning Description: To encourage attractive industrial development that is in keeping with the Township’s character and respects the fact that a number of industrial districts are in close proximity to residential zoned areas. To permit limited industrial, research facilities, processing, assembling, packaging or treatment of products and to permit for limited outdoor storage with reasonable performance standards designed to protect the greater Township. To permit compatible sales or service uses. To prohibit residential or intensive retail uses in industrial locations. The nature of the district and its intended use requires that it is served by Class A roadways. SECTION 1401. USES PERMITTED BY RIGHT. A. Manufacturing, processing, fabrication, packaging or assembly of goods. Natural, man-made, raw, secondary or partially completed materials may be used. Products may be finished or semi-finished and are generally made for the whole market, for transfer to other plants or to order. Goods are generally not displayed or sold on site but if so, they are a subordinate part of sales. B. Storage facilities, including personal storage, warehousing and cold storage. C. Truck terminals. D. Facilities for research and development, including laboratories and testing facilities. E. Monument and art stone production. F. Public utility installations and buildings including power, fuel, communications and water treatment. Chapter 14- 2 G. Contractor's establishments. H. Warehouse and storage buildings and yards. I. Retail sales when accessory and incidental to any permitted use.
Lot Frontage: 547'
Lot Depth: 390'
Easements: Other
Easements Description: None
Land Ownership: Fee simple
Legal Description: PART OF S 1/2 OF FRL SEC 5 BEG AT A POINT ON S LINE OF SEC 5 466.72 FT N89DEG 07MIN W FROM SE CORN OF SEC 5 TH N89DEG 07MIN W ON S SEC LINE 390.34 FT TH N 60 FT TH N 28DEG 45MIN W 240 FT TH N 164.13 FT TH N28DEG 45MIN W 125.87 FT TH N 180 FT TO S LINE OF GENESEE GARDENS ANNEX TH E ON SAID S LINE 385 FT TO WLY R/W LINE OF DIXIE HWY TH S28DEG 45MIN E 581.37 FT TH S61DEG 15MIN W 116.24 FT TH S00DEG 55MIN 11 SECONDS W 126.43 FT TO POB 7.24 ACRES SEC 5 T11N R5E PART OF S 1/2 OF FRL SEC 5 BEG AT A POINT ON S LINE OF SEC 5 466.72 FT N89DEG 07MIN W FROM SE CORN OF SEC 5 TH N89DEG 07MIN W ON S SEC LINE 390.34 FT TH N 60 FT TH N 28DEG 45MIN W 240 FT TH N 164.13 FT TH N28DEG 45MIN W 125.87 FT TH N 180 FT TO S LINE OF GENESEE GARDENS ANNEX TH E ON SAID S LINE 385 FT TO WLY R/W LINE OF DIXIE HWY TH S28DEG 45MIN E 581.37 FT TH S61DEG 15MIN W 116.24 FT TH S00DEG 55MIN 11 SECONDS W 126.43 FT TO POB 7.24 ACRES SEC 5 T11N R5E

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,783 26,262 73,964
Median Age: 39.3 37.21 35.87
Households: 1,927 10,421 28,989
© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.