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33795 Riviera Dr
Fraser, MI 48026

Industrial Property For Sale

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Investment Highlights

NOI: $107,644.
Tenant Responsibilities: Taxes, Insurance, Maintenance, Utilities, windows, doors, fixtures, lighting, plumbing, electrical & HVAC.
A/C throughout.

Landlord Responsibilities: roof, sprinkler system, parking lot & structure.
(2) 14' x 14' Grade Level Doors.

Executive Summary

15,380 SF Single Tenant NNN Investment. R.W. Mead & Sons, LLC has been operating here since the building was built in 1979. Tenant is a subsidiary of a private investment firm who owns 10 mechanical, electrical & other related specialty contracting firms. New 5 yr lease commenced 10/1/2024, with (1) 5 yr extension and 3% annual increases.

PROPERTY FACTS

Sale Type	Investment NNN	Rentable Building Area	15,380 SF
Net Initial Yield	8.25%	Number of Floors	2
Property Type	Industrial	Year Built	1979
Property Subtype	Warehouse	Parking Ratio	2.28/1,000 SF
Building Class	C	Level Access Doors	1
Lot Size	0.83 AC

Sale Type	Investment NNN
Net Initial Yield	8.25%
Property Type	Industrial
Property Subtype	Warehouse
Building Class	C
Lot Size	0.83 AC
Rentable Building Area	15,380 SF
Number of Floors	2
Year Built	1979
Parking Ratio	2.28/1,000 SF
Level Access Doors	1

Amenities

Signage

PROPERTY TAXES

Parcel Number	03-11-32-402-009	Improvements Assessment	£0
Land Assessment	£0	Total Assessment	£295,069

PROPERTY TAXES

Parcel Number

03-11-32-402-009

Land Assessment

£0

Improvements Assessment

£0

Total Assessment

£295,069

zoning

Zoning Code	IND <20K S
IND <20K S

Listing ID: 34159959
Date on Market: 11/12/2024
Last Updated:
Address: 33795 Riviera Dr, Fraser, MI 48026

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