Two-Tenant Industrial
For Sale
Contact for pricing
Pending
5055 52nd St SE, Grand Rapids, MI 49512
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 Market243
Property Features for 5055 52nd St SE
General Information
Standard status
Pending
Size
70,000 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Building Details
Year Built
2006
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Advantage Commercial Real Estate
Listed By:
Michael Visser · License #6501368970
(616) 327-2800
Source:
Crexi
Added: Jan 5
Changed: Aug 8
Last Checked: Jul 24 at 11:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advantage Commercial Real Estate
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
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 49512, MI
18,558
Population
8,870
Households
2.1
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
23.0 sq mi
ZIP Area
807
Density / Sq Mi
$70,955
Median Household Income
$41,538
Median Earnings
$1,229
Median Rent
$279,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
