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528 Hughes 3 W Marketing Package

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14,797 SF Industrial Facility For Sale or Lease. Property located in Traverse City, Michigan near Cherry Capital Airport

14,797 SF Industrial Facility For Sale or Lease. Property located in Traverse City, Michigan near Cherry Capital Airport

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  • 1. INDUSTRIAL FACILITY ­ FOR SALE | LEASE 528 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 Purchase or Lease this 14,797 +/‐ square Traverse City, MI 49684 foot Industrial | Distribution Facility in Traverse City, Michigan, located in the Garfield‐Heidbreder 231.929.2955  Phone Industrial Park. This property is in a great location close to major streets and Cherry Capital Airport. 231.929.2970  Fax 231 929 2970 Fax The building consists of almost 3,000 SF of office, 8,300 SF of Shop/Warehouse area and 3,200 SF of 3 000 office 8 300 3 200 stand alone Warehouse. Approx. 3,300 SF of covered storage could also be enclosed. ©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. INDUSTRIAL FACILITY ­ FOR SALE | LEASE 528 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN Traverse City TABLE OF CONTENTS Property Statistics and Building Construction Highlights 3 For information contact: Property Photo & Building Floor Plan 4 DAVID J FROST DAVID J FROST Traverse City Area Overview Traverse City Area Overview 5 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. 2
  • 3. INDUSTRIAL FACILITY ­ FOR SALE | LEASE 528 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN PROPERTY STATISTICS ACQUISITION TERMS Traverse City • Property Address:   528 Hughes Drive • PURCHASE TERMS: Traverse City, Michigan 49686 Traverse City, Michigan 49686 • $595 000 $595,000 (Lot 10‐11, Garfield‐Heidbreder Ind. Park) • Conventional Mortgage, Commercial Loan, Cash • Zoning: M1 ‐ Manufacturing • Possession at Closing • Property Size:  4.79 +/‐ Acres • Access:  Two (2) existing curb cut onto Hughes Dr. • LEASE TERMS: • Sewer:  Public • NNN Lease   • Water:  Public •$2.95/SF ~ $3,638/month • Storm Water Retention: Onsite retention basins For information contact: BUILDING CONSTRUCTION • 14,797 +/‐ total SF  4,797 / total SF DAVID J FROST DAVID J FROST • 3,297 SF of Office REALTOR • 8,300 SF of Warehouse/Shop Floor 231.620.5705 Mobile • 3,000 SF of Covered Storage Area dfrost@threewest.net • 3,200 SF Separate Building • Built in 1995 • Truck bay Loading Docks THREE WEST, LLC • 3 Overhead Doors Licensed Real Estate Broker • Room to Expand Building 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. 3
  • 4. INDUSTRIAL FACILITY ­ FOR SALE | LEASE 528 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN PROPERTY PHOTO & 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. 4
  • 5. INDUSTRIAL FACILITY ­ FOR SALE | LEASE 528 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. 5
  • 6. Customer Report 528 HUGHES DR Ask Price: $595,000 MLS # 1712594 Status Active County Grand Traverse Type Commercial Address 528 HUGHES DR City Traverse City Zip 49686 For Sale or Lease For Sale Real Estate Incl Yes Business Name N/A Business Incl No Inventory Incl No 500 yds © 2010 Microsoft Corporation © 2010 NAVTEQ © AND 04/08/2010 01:16 PM Unit # ApxYrBlt 1995 Lease Expires Deeded Water Frontage No Total SQFT 14797 Renewable (Y/N) Yes Body of Water # Restrms Lease Price/SQFT Water Private/Shared FullTime Empl Current Zoning Waterfront Footage Park Spaces # Units Lot # 10-11 Fixtrs/Equipmnt Value Inventory Value Subdivision Freestanding Electric Supplier Township Garfield Lot Dimensions Irreg. Electric Expense (Annual) Section # 25 Dual MLS # Heat Exp (Annual) Apx # Acres 4.79 Insurance Exp (Annual) BUSINESS TYPE Industrial, Manufacture ROAD FRONTAGE County Maintained, Paved /Warehouse LOCATION Industrial Park LICENSES None ZONING Industrial, Manufacture/Warehouse INCLUDED IN RENT None - N/A EXTRAS Overhead Door(s), Loading Dock(s), 3-Phase HEATING/COOLING TYPE Forced Air, Central Air Electric, 12' Ceiling Height HEATING/COOLING SOURCE Natural Gas, Mutiple Units BASEMENT None WATER Municipal Water FLOOR TYPE Concrete Slab/Grade WASTE Municipal Sewer POSSESSION At Closing ROOF Asphalt Shingle FINANCING AVAILABLE Conventional Mortgage, Commercial Loan, CONSTRUCTION Wood, Steel/Metal Cash MISCELLANEOUS See Remarks Great location in the Garfield-Heidbreder Industrial Park, ideal for Manufacturing / Warehouse / Distribution. Almost 3000 SF of office space offering 12 individual offices, kitchenette, private office and 2 restrooms. 8300 SF of Shop/Warehouse and 3200 SF of stand alone Warehouse Building. Approximately 3300 SF of covered storage area that could be enclosed. 3 overhead doors and 1 truck bay. Close to major streets. Contact listing agent for possible NNN lease options From Traverse City, take Garfield Road south past Hammond Road. Turn east on Hughes Dr. 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.
  • 7. Customer Report 528 HUGHES DR Ask Price: $3,638 MLS # 1714161 Status New County Grand Traverse Type Commercial Address 528 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 04/08/2010 01:10 PM Unit # ApxYrBlt 1995 Lease Expires Deeded Water Frontage No Total SQFT 14797 Renewable (Y/N) Yes Body of Water # Restrms Lease Price/SQFT 2.95 Water Private/Shared FullTime Empl Current Zoning Waterfront Footage Park Spaces # Units Lot # 10-11 Fixtrs/Equipmnt Value Inventory Value Subdivision Freestanding Electric Supplier Township Garfield Lot Dimensions Irreg. Electric Expense (Annual) Section # 25 Dual MLS # Heat Exp (Annual) Apx # Acres 4.79 Insurance Exp (Annual) BUSINESS TYPE Industrial, Manufacture ROAD FRONTAGE County Maintained, Paved /Warehouse LOCATION Industrial Park LICENSES None ZONING Industrial, Manufacture/Warehouse INCLUDED IN RENT None - N/A EXTRAS Overhead Door(s), Loading Dock(s), 3-Phase HEATING/COOLING TYPE Forced Air, Central Air Electric, 12' Ceiling Height HEATING/COOLING SOURCE Natural Gas, Mutiple Units BASEMENT None WATER Municipal Water FLOOR TYPE Concrete Slab/Grade WASTE Municipal Sewer POSSESSION At Closing ROOF Asphalt Shingle FINANCING AVAILABLE Conventional Mortgage, Commercial Loan, CONSTRUCTION Wood, Steel/Metal Cash MISCELLANEOUS See Remarks Great location in the Garfield-Heidbreder Industrial Park, ideal for Manufacturing / Warehouse / Distribution. Almost 3000 SF of office space offering 12 individual offices, kitchenette, private office and 2 restrooms. 8300 SF of Shop/Warehouse and 3200 SF of stand alone Warehouse Building. Approximately 3300 SF of covered storage area that could be enclosed. 3 overhead doors and 1 truck bay. Close to major streets. Also for sale see MLS 1712594 From Traverse City, take Garfield Road south past Hammond Road. Turn east on Hughes Dr. 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.