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5048 PILGRIM Flint, MI 48507 3909
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Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 19,481 sqft
Price per Sqft $87
Subdivision Mi
MLS Listing ID 40146327
Sold Date 07/09/21
Annual Tax Amount $24,378
Lot Size 3.710 Acres
Acres 3.71
Lot Dimensions 269x486x333x518
Property Description
5048 Pilgrim Rd. has singled itself out as the ideal property for your investment portfolio. This is the first time this 2004 built, 19,481 sq. ft. warehouse/office property on 3.710 acres (with direct I-75 frontage/exposure) has been offered for sale, and opportunity is knocking. Ideally (and centrally) located within a demand Mundy Township business park, this custom building is a mere minutes from I-75, I-475 and US-23 expressway hub access (and a gateway to Oakland County.) Offering 100% (National company) tenancy with a lengthy remaining lease and at a 7.5% CAP rate and NNN lease terms. Large 3.710 acre lot size offers the potential for future expansion. Approx. 15,000 sq. ft. of warehouse space w/multiple overhead doors and docks. 4,481 Sq. ft. of office and conference space. Municipal water/sewer, lawn sprinkler system, security systems, new Carrier 48TCE 7.5 ton packaged HVAC unit installed in 2021. Average CAP rate is approx. 8%.
Location
State MI
County Genesee
Area Mundy Twp (25014)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Waterfront No
Roof Type Metal,Rubber
Building
Foundation Slab
Water Public Water
Structure Type Block,Brick
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with Unidentified Office