1455 Lincoln Ave, Holland

Industrial for Sale
Catylist Listing ID: 30121765
Property Subtypes: Manufacturing
Building Size (RSF): 108,416 SF
Gross Building Area: See Agent
Gross Land Area: 13.85 Acres
Sale Price: $4,350,000
Unit Price: $40.12 PSF
Ceiling: 34 ft. / 20 ft. Clear
Docks/Doors: 8 Docks, 1 Door
Drive In Bays: 1 Bay
Property Use Type: Investment
Sale Terms: Sale/Leaseback
Cap Rate: 7.5%
Last Updated: 2/21/2018

Overview / Comments

NorthStar Commercial is proud to represent the industrial sale-leaseback opportunity located at 1455 Lincoln Ave in Holland, MI. The 108,416 square foot facility is located in a prime industrial corridor with convenient access to I-196 and M-40. The property features steel construction, 8 docks, 1 drive-in door, a 5-ton crane, and 800/440/3P power. The current owner (ICON Shelter Systems) will execute a 10 year absolute net lease at close. This is an excellent opportunity to acquire a high quality investment with minimal Landlord responsibilities.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Ottawa
Taxing Authority: City of Holland
Tax ID/APN: 53-02-09-100-033
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1985
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Ample parking
Overhead Cranes: 1
Amps: 800
Volts: 440
X-Phase: 3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,520 37,551 80,309
Median Age: 30.83 35.34 37.28
Households: 569 13,591 29,586


Photograph of Listing Agent

Aaron Eichenberg

NorthStar Commercial LLC
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