Total Sports Complex - Greg Grant Sportsplex | 45300 Mound Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Total Sports Complex - Greg Grant Sportsplex 45300 Mound Rd
93,000 SF Retail Building Shelby Township, MI 48317 £9,350,278 (£101/SF) 5.31% Net Initial Yield
Executive Summary
Building Size: 43,750 sf Brick Block Building, 24,410 sf Brick Block Building, 23,750 sf Light weight gauge fabric building, 2052 sf Lobby Brick Block Building. Full restaurant and bar adjacent to outdoor volley ball pits. In addition a banquet room for events on site or 3 rd party rental.
Total acreage 10.77 acres; 7.66 acres after removing the vacant land along Merrill and Mound as outlined bellowed.
Mound Rd 1.04 acres frontage as shown on the exhibit 110’ x 412’ Zoned Commercial for sale to a user/ developer. Zoned C 4 will permit gas stations, auto repair facilities and car washes subject to special use permit is available for additional development asking price $1,200,000 see concept plans
Merrill Rd 2.07 acres frontage as shown on the exhibit 182’ x 489 ’ to be retained by the Seller for future development with access across the subject property. Zoned Light Industrial $425,000. Seller will consider a sale of this land with then Sports Plex adjacent to the outdoor volley ball area for expansion or/and for future training facilities, flex industrial spaces. See attached aerial plat; Lot will be adjusted to accommodate the offset for the volley ball courts.
Sport Plex includes basketball/ indoor volley ball courts, baseball training, personal fitness gym, soccer, lacrosse fields updated in the past 2 years including but not limited to interior improvements, mechanical, electrical, plumbing, finishes, parking lot and outdoor volley ball courts including a full service bar restaurant adjacent to outdoor volley ball courts. Additional room for sport banquets.
Commercial Use: Warehouse/Industrial/Research and Development/Flex Space/ Commercial
Year Built: 1974 remodeled 2021
Building Construction: Brick Block, Structural Steel, Metal Roof, Fabric with Structural Steel Framing
Lease: 10 year term sign at closing with 2-5 yr options 3% increases yearly throughout the initial term. Base Rent begins at $634,000 a year.
The Lease is absolute NNN lease with no Landlord responsibility with the exception of the exterior building structure, roof on the brick block buildings
Total acreage 10.77 acres; 7.66 acres after removing the vacant land along Merrill and Mound as outlined bellowed.
Mound Rd 1.04 acres frontage as shown on the exhibit 110’ x 412’ Zoned Commercial for sale to a user/ developer. Zoned C 4 will permit gas stations, auto repair facilities and car washes subject to special use permit is available for additional development asking price $1,200,000 see concept plans
Merrill Rd 2.07 acres frontage as shown on the exhibit 182’ x 489 ’ to be retained by the Seller for future development with access across the subject property. Zoned Light Industrial $425,000. Seller will consider a sale of this land with then Sports Plex adjacent to the outdoor volley ball area for expansion or/and for future training facilities, flex industrial spaces. See attached aerial plat; Lot will be adjusted to accommodate the offset for the volley ball courts.
Sport Plex includes basketball/ indoor volley ball courts, baseball training, personal fitness gym, soccer, lacrosse fields updated in the past 2 years including but not limited to interior improvements, mechanical, electrical, plumbing, finishes, parking lot and outdoor volley ball courts including a full service bar restaurant adjacent to outdoor volley ball courts. Additional room for sport banquets.
Commercial Use: Warehouse/Industrial/Research and Development/Flex Space/ Commercial
Year Built: 1974 remodeled 2021
Building Construction: Brick Block, Structural Steel, Metal Roof, Fabric with Structural Steel Framing
Lease: 10 year term sign at closing with 2-5 yr options 3% increases yearly throughout the initial term. Base Rent begins at $634,000 a year.
The Lease is absolute NNN lease with no Landlord responsibility with the exception of the exterior building structure, roof on the brick block buildings
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
93,000 SF
Building Class
C
Year Built
1974
Price
£9,350,278
Price Per SF
£101
Net Initial Yield
5.31%
NOI
£496,073
Tenancy
Single
Number of Floors
1
Building FAR
0.30
Lot Size
7.00 AC
Zoning
CK MAP - Light Industrial
Parking
272 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
479 ft on Mound Rd
Nearby Major Retailers
1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Total Sports Complex - Greg Grant Sportsplex | 45300 Mound Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.