343 Hughes 3 W Marketing Package

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20,700 SF Manufacturing Building For Lease in Traverse City, Michigan

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343 Hughes 3 W Marketing Package

  1. 1. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN Traverse City W. Grand  Traverse Bay E. Grand  Traverse Bay DOWNTOWN TRAVERSE CITY Cherry Capital Airport S. Airport Road For information contact: Hughes Drive DAVID J FROST DAVID J FROST REALTOR 231.620.5705 Mobile dfrost@threewest.net THREE WEST, LLC Licensed Real Estate Broker 4020 Copper View Ste. 129 Three West is pleased to offer this excellent opportunity to Lease this 20,700 +/‐ square foot Traverse City, MI 49684 Manufacturing Facility in Traverse City, Michigan, located in the Garfield‐Heidbreder Industrial Park 231.929.2955  Phone for $3.75 NNN. This property contains 1.95 acres of land and the building consists of approximately 231.929.2970  Fax 231 929 2970 Fax 2,000 SF of office area and approximately 18,700 SF of manufacturing area. The east wall is 2 000 18 700 area expandable. This building has many extras and could be leased with a possible option to purchase. ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction.
  2. 2. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN Traverse City TABLE OF CONTENTS Property Statistics and Building Construction Highlights 3 ‐ 4 For information contact: Property Site Plan  5 DAVID J FROST DAVID J FROST Building Floor Plan Building Floor Plan 6 REALTOR 231.620.5705 Mobile Building Photos 7 ‐ 8 dfrost@threewest.net Traverse City Area Overview 9 THREE WEST, LLC Licensed Real Estate Broker 4020 Copper View Ste. 129 Traverse City, MI 49684 231.929.2955  Phone 231.929.2970  Fax 231 929 2970 Fax ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 2
  3. 3. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN PROPERTY STATISTICS BUILDING CONSTRUCTION Traverse City • Property Address:   343 Hughes Drive • The complete building is sprinkled for fire protection Traverse City, Michigan 49686 Traverse City, Michigan 49686 • Three electrical control panels exist in the shop Three electrical control panels exist in the shop,  (Lot 17, Garfield‐Heidbreder Ind. Park) breakers are also installed plus ample room exists for  • Zoning: M1 ‐ Manufacturing additional breakers. (Total amps approx. 1,200 to 2,000) • Property Size:  1.95 +/‐ Acres (Approx. 270’ x 315’) • 6” concrete floors • Access:  One (1) existing curb cuts onto Hughes Dr. • Telephone system exists with high speed internet.  • Sewer:  Public (approx. 12 to 16 extensions) • Water:  Public • Two American 7.5 T Cranes, both having approx. 100  • Parking: 56 lighted onsite parking spaces and 80 feet of run way respectively. Both cranes have  • Storm Water Retention: Onsite retention basins electric pendant controls • Landscaping:  Front Yard includes underground sprinklers • Storage area is finished up and downstairs (approx.  1,000 SF. Also, there is an additional 900 SF that projects  For information contact: BUILDING CONSTRUCTION outward into the parking lot • There is a climate controlled room for inspections  • 20,700 +/‐ total SF  0,700 / total SF (Approx. 1,000 SF (Approx 1 000 SF DAVID J FROST DAVID J FROST • 2,000 SF of Office REALTOR • Radiant heat throughout the shop area • 18,700 SF of Manufacturing Floor 231.620.5705 Mobile • Built in 1991 ACQUISITION TERMS dfrost@threewest.net • Approved to add 10,760 SF of manufacturing floor &  1,000 SF of office. • LEASE TERMS: • 300’ of 600 amps buss duct. (copper) is wired and erected • $3.75 / sq. ft. NNN THREE WEST, LLC • Various buss plugs 5 amp to 20 amp (approx. 20) ( ) Licensed Real Estate Broker • 25 HP air compressor with 500 gallon holding tank • PURCHASE TERMS: 4020 Copper View • Air plumbing is run throughout the production area • Lease may be negotiated with an Option to  Ste. 129 • Bathrooms exist (approx. 400 SF total) Purchase Traverse City, MI 49684 • Overhead lighting is complete throughout. Flexible  231.929.2955  Phone conduit was used in 10,000 SF for easy access to allow for  231.929.2970  Fax 231 929 2970 Fax expandability ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 3
  4. 4. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN ADDITIONAL PROPERTY INFO Traverse City The property is a one story, pre‐engineered steel The office area has a half bath. The baths are finished manufacturing building with framed offices It was built offices. with vinyl tile floors drywall ceilings and painted drywall floors, ceilings, in 1991. An 8,700 square foot manufacturing addition walls. The office area has an independent natural gas was constructed on the south side of the building in fired HVAC unit for cooling and heating needs. There are 1994. A 1,000 square foot office addition was added at two American 7.5 ton bridge cranes in the building. the same time to the west side of the building. The shop These items are included in the value estimate. Inside area has one 12' x 14' overhead door. There is an 8' x 10' the shop area a 484 square foot inspection room has overhead door located at the truck entrance. The been constructed. It has a suspended acoustical tile exterior walls are painted steel. The addition has a ceiling, wood paneled walls and a painted concrete floor. similar appearance to the original building. The roof is standing seam steel. The foundation walls are poured concrete and there is a six inch reinforced concrete For information contact: floor. The building walls have a poured concrete knee wall to a height of five feet with pre‐engineered steel DAVID J FROST DAVID J FROST construction to the 21 f i h foot hi h eaves. Th i high The interior fi i h i finish REALTOR of the shop is exposed vinyl back insulation and exposed 231.620.5705 Mobile steel frame. The building is heated with natural gas fired dfrost@threewest.net suspended forced air units and insulated with six inch vinyl backed insulation. The entire shop area has compressed air lines throughout. The building contains a total of 20,700 square feet including the office portion of THREE WEST, LLC the building which contains 2,000 square feet of space. Licensed Real Estate Broker The office's exterior walls have brick veneer up to a 4020 Copper View height of seven feet. There is a decorative metal Ste. 129 overhang at the office area. The office area has finished Traverse City, MI 49684 drywall ceilings, vinyl tile and carpeted floors, and 231.929.2955  Phone painted drywall walls. There are men and women's 231.929.2970  Fax 231 929 2970 Fax lavatories in the main shop area for the employees. ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 4
  5. 5. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN PROPERTY SITE PLAN Traverse City For information contact: DAVID J FROST DAVID J FROST REALTOR 231.620.5705 Mobile dfrost@threewest.net THREE WEST, LLC Licensed Real Estate Broker 4020 Copper View Ste. 129 Traverse City, MI 49684 231.929.2955  Phone 231.929.2970  Fax 231 929 2970 Fax ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 5
  6. 6. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN BUILDING FLOOR PLAN Traverse City For information contact: DAVID J FROST DAVID J FROST REALTOR 231.620.5705 Mobile dfrost@threewest.net THREE WEST, LLC Licensed Real Estate Broker 4020 Copper View Ste. 129 Traverse City, MI 49684 231.929.2955  Phone 231.929.2970  Fax 231 929 2970 Fax ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 6
  7. 7. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN BUILDING FLOOR PLAN Traverse City For information contact: DAVID J FROST DAVID J FROST REALTOR 231.620.5705 Mobile dfrost@threewest.net THREE WEST, LLC Licensed Real Estate Broker 4020 Copper View Ste. 129 Traverse City, MI 49684 231.929.2955  Phone 231.929.2970  Fax 231 929 2970 Fax ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 7
  8. 8. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN BUILDING FLOOR PLAN Traverse City For information contact: DAVID J FROST DAVID J FROST REALTOR 231.620.5705 Mobile dfrost@threewest.net THREE WEST, LLC Licensed Real Estate Broker 4020 Copper View Ste. 129 Traverse City, MI 49684 231.929.2955  Phone 231.929.2970  Fax 231 929 2970 Fax ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 8
  9. 9. MANUFACTURING FACILITY – FOR LEASE 343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN Traverse City TRAVERSE CITY AREA OVERVIEW • The Traverse City Area is one of the state’s leading The Traverse City Area is one of the state s leading  • Traverse City is home to Munson Medical Center Traverse City is home to Munson Medical Center,  tourism destinations.  The number of visitors to Grand  Northern Michigan’s largest medical facility and one of  Traverse County has increased steadily from an  Traverse City’s largest employers.  estimated 1.2 million in 1990 to 1.9 million in 2005. • The five county region has a very strong and active  • While population growth across the area is similar to  Chamber of Commerce. that of the U.S. as a whole, local growth rates are  significantly above statewide averages. • Grand Traverse County’s population as of 2006 was  86,413 and is expected to climb to 92,540 by 2011.   For information contact: This accounts for an annual population increase of  1,225. DAVID J FROST DAVID J FROST REALTOR • The median household income in 2006 for the five  231.620.5705 Mobile County area was $48,896.  These median household  dfrost@threewest.net incomes are expected to increase by 2.6% by the year  2011, or $55,562. • The educational attainment for adults, aged over 25  , g THREE WEST, LLC years as of 2005, for the Grand Traverse region out  Licensed Real Estate Broker paced both the state and national averages with 40.1%  4020 Copper View of this population obtaining an associates degree or  Ste. 129 higher . Traverse City, MI 49684 231.929.2955  Phone 231.929.2970  Fax 231 929 2970 Fax ©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable.  However, we have not verified its accuracy and make no  guarantee, warranty or representation about it.  It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or  withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of  the property.  You and your tax and legal advisors should conduct your own investigation of the property and transaction. 9
  10. 10. Customer Report 343 HUGHES DR Ask Price: $6,468 MLS # 1712623 Status Active County Grand Traverse Type Commercial Address 343 HUGHES DR City Traverse City Zip 49686 For Sale or Lease For Lease Real Estate Incl Yes Business Name N/A Business Incl No Inventory Incl No 500 yds © 2010 Microsoft Corporation © 2010 NAVTEQ © AND 04/06/2010 01:48 PM Unit # ApxYrBlt 1991 Lease Expires Deeded Water Frontage No Total SQFT 20700 Renewable (Y/N) Body of Water # Restrms Lease Price/SQFT 3.75 Water Private/Shared FullTime Empl Current Zoning M1 Waterfront Footage Park Spaces # Units Lot # 17 Fixtrs/Equipmnt Value Inventory Value Subdivision Freestanding Electric Supplier Township Traverse City Lot Dimensions 270x315 Electric Expense (Annual) Section # 24 Dual MLS # Heat Exp (Annual) Apx # Acres 1.95 Insurance Exp (Annual) BUSINESS TYPE Industrial, Manufacture ROAD FRONTAGE County Maintained, Paved /Warehouse LOCATION Freestanding LICENSES None ZONING Industrial, Manufacture/Warehouse INCLUDED IN RENT None - N/A EXTRAS Overhead Door(s), Phone System, Overhead HEATING/COOLING TYPE Forced Air, Central Air Crane, Air Compressor, 22' Ceiling Height HEATING/COOLING SOURCE Natural Gas BASEMENT None WATER Municipal Water FLOOR TYPE Reinforced Concrete WASTE Municipal Sewer POSSESSION At Closing ROOF Other FINANCING AVAILABLE Commercial Loan, Cash CONSTRUCTION Steel/Metal MISCELLANEOUS See Remarks Offering 18,700 SF of manufacturing area and 2,000 SF of office space. 300 ' of 600 amps buss duct, various buss plugs, 5 amp to 20 amp. Air plumbing throughout, 3 control panels in shop. Two 7.5 ton cranes with 100' and 80' of runway, storage area upstairs and down. Climate controlled inspection room. 480 volt power with transformer and radiant heat in shop. East wall is expandable. Many extras. Possible lease with option to purchase. On Hughes Drive in Garfield-Heidbreder Industrial Park. Stanley A Tornga (231) 883-8267 stornga@threewest.net www.threewest.net THREE WEST, LLC (231) 929-2955 4020 Copper View, Suite 129 The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © 1998-2010 Traverse Area Association of REALTORS ®. All Rights Reserved.

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