Current Use by Public Records
- Industrial properties
Property Details for 5410 East St
- Year built
- 1964
- Lot size
- 4.09 lot acres
- Property type
- Industrial properties
Description
This exceptional investment opportunity presents a six-building industrial portfolio situated on two parcels totaling 4.09 acres in Saginaw, Michigan. The property, zoned for industrial use, comprises 36,791 square feet of net rentable space, with an asking price of $612,500 ($16.65/SF and $102,083.33 per unit). The main parcel (3.06 acres, APN 25114231017000) features four manufacturing buildings totaling 33,034 square feet. Building sizes range from 5,626 square feet to 14,746 square feet, the latter including office space. A second parcel (1.03 acres, APN 25114231017001) includes a 1,389 square foot brick home with a garage and a 2,560 square foot metal utility building. The property boasts 18-foot ceilings and was originally constructed in 1964, undergoing renovations in 1998. The lease type is NNN, with a lease commencement date of June 5, 2019, and an occupancy date of June 5, 2019. There are no loading docks. This property is ideal for investors seeking a diverse portfolio of industrial buildings in a well-established industrial zone. The property's history of occupancy and established lease terms offer a strong foundation for future returns. The combination of manufacturing space and additional buildings provides flexibility for various uses and potential rental income streams. The property's location in Saginaw County offers convenient access to transportation routes and a skilled workforce.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Saginaw
- State
- Michigan
- Longitude
- -83.9553
- Latitude
- 43.3796
