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Flint Warehouse For Sale

3302 Kent St Flint, MI 48503

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Warehouse property with a new 6-year lease and expansion.

Type:Industrial
Property size:
103,894 SF
Price / SF:
$66/SF
Added:
Sep 12, 2022
Days on Market:
1399
Last Refresh:
May 20 at 8:27 pm

Property Features for 3302 Kent St

General Information

Standard status
Active
Size
103,894 SF
Property subtype
Industrial

Building Details

Year Built
1963

Listing office The Jonna Group at Colliers International

Listing date Sep 12, 2022

Source Crexi

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 The Jonna Group at Colliers International


Investment Insights

Based on property information with market context.

This commercial real estate property is a warehouse with a new 6-year lease. The tenant recently expanded their operations at this location. The lease includes annual increases of 2.5%. The property size is 103,894 square feet.

Key Highlights

  • New 6‑Year Lease provides stability.
  • Recent Tenant Expansion shows business is thriving.
  • 2.5% Annual Increases offer growing returns.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $935.0k $9.00
− Vacancy −$94.4k −$0.91
EGI $840.6k $8.09
− OpEx −$252.2k −$2.43
NOI $588.4k $5.66
103,894 SF · lease $9.00/SF/yr · vacancy 10.10% · expense 30.00%

Alternative Uses

Best Use
Warehouse
$10.21M
$8.93M – $11.91M (±1% cap)
NOI $714,515 @ 7.0% cap · market cap 10.40%
Second Best
Industrial
$8.41M
$7.36M – $9.81M (±1% cap)
NOI $588,424 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$21.86M
$19.13M – $25.51M (±1% cap)
NOI $1,530,344 @ 7.0% cap · market cap 22.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

L T D ... Industrial Manufacturer

Suggested Use

Real Estate Agency Law Firm Building Supply Dental Office Restaurant Spa & Massage Center HVAC Service Skin Care Clinic Kitchen & Bath Showroom Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • I-69 Self Storage — 1514 S Dort Hwy, Flint, MI 48503
  • Self-Storage at U-Haul — 1911 S Dort Hwy, Flint, MI 48503
  • CubeSmart Self Storage — 3711 Lapeer Rd, Flint, MI 48503
  • Public Storage — 2325 S Dort Hwy, Flint, MI 48507

FAQs

What type of property is this?
Warehouse - Warehouse property with a new 6-year lease and expansion.
Where is this warehouse located?
The property is located at 3302 Kent St Flint, MI.
What is the asking price?
The asking price for this property is $6,873,600.
What are key features of this property?
This property features: New 6‑Year Lease provides stability.; Recent Tenant Expansion shows business is thriving.; 2.5% Annual Increases offer growing returns.
Contact an agent
(248) 226-1610 Call to check price and availability
More about this property
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