2325 Sybrandt, Traverse City, Michigan
$3,950,000
3.46
Acres
About 2325 Sybrandt
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
| MLS® # | 78080066383 |
|---|---|
| Price | $3,950,000 |
| Bathrooms | 0.00 |
| Acres | 3.46 |
| Year Built | 1953 |
| Type | Commercial Sale |
| Status | Active Under Contract |
Community Information
| Address | 2325 Sybrandt |
|---|---|
| Area | 28041 - Garfield Twp |
| Subdivision | N/A |
| City | Traverse City |
| County | Grand Traverse |
| State | Michigan |
| Zip Code | 49684 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas, Space Heater |
|---|---|
| Fireplace | No |
Exterior
| Construction | Block |
|---|---|
| Foundation | Slab |
School Information
| District | Traverse City |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt Traverse City |
|---|---|
| Contact Info | dan@realestatetc.com |