Two-Tenant Industrial
5055 52nd St SE Grand Rapids, MI 49512
5055 52nd St SE, Grand Rapids, MI, 49512
Contact for pricing
For Sale
Contact for pricing
Pending
Industrial property with two tenants, including a McCarthy Group long-term lease and Pioneer Molded Products on an absolute net lease.
Property Size70,000 SF
Days on Market197
Property Features for 5055 52nd St SE
General Information
- Standard status
- Pending
- Size
- 70,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing agency
Advantage Commercial Real Estate
(616) 327-2800
Listed by
Michael Visser · License #6501368970
Source
Crexi
Added: Jan 5 Updated: Jul 20 at 7:38PM Checked: Jul 21 at 2:22PM
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Investment Insights
Based on property information with market context.
This two-tenant industrial property totals approximately 70,000 SF and includes a partial sale-leaseback structure. McCarthy Group currently occupies 24,500 SF (about 35% of the building) and, upon close, will sign a lease at $8.91/SF net.
The remaining 65% of the property is occupied by Pioneer Molded Products. That space is covered by a short-term, absolute net lease described in the offering as being at a severely under market lease rate.
The property is presented for sale with the benefit of existing in-place tenant occupancy, combining McCarthy Group’s lease commitment at closing with Pioneer Molded Products’ short-term absolute net arrangement. The address is 5055 52nd St SE, Grand Rapids, MI 49512.
The remaining 65% of the property is occupied by Pioneer Molded Products. That space is covered by a short-term, absolute net lease described in the offering as being at a severely under market lease rate.
The property is presented for sale with the benefit of existing in-place tenant occupancy, combining McCarthy Group’s lease commitment at closing with Pioneer Molded Products’ short-term absolute net arrangement. The address is 5055 52nd St SE, Grand Rapids, MI 49512.
Key Highlights
- Two‑tenant 70,000 SF industrial property at 5505 52nd St, Grand Rapids, MI 49512
- Built in 2006
- McCarthy Group occupies 24,500 SF (35% of the building) and will sign a lease at $8.91/SF net lease upon close
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - Industrial property with two tenants, including a McCarthy Group long-term lease and Pioneer Molded Products on an absolute net lease.
Where is this manufacturing property located?
The property is located at 5055 52nd St SE Grand Rapids, MI.
What are key features of this property?
This property features: Two‑tenant 70,000 SF industrial property at 5505 52nd St, Grand Rapids, MI 49512; Built in 2006; McCarthy Group occupies 24,500 SF (35% of the building) and will sign a lease at $8.91/SF net lease upon close
