52366 M-51 Dowagiac, MI 49047
- Industrial properties
- 63,148 SF
- 7.30 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 52366 M-51
- Year built
- 1955
- Lot size
- 7.30 lot acres
- Property size
- 63,148 SF
- Property type
- Industrial properties
Description
This exceptional investment opportunity presents a 63,148 square foot industrial property situated on a 7.3-acre lot in Dowagiac, Michigan, at 52366 M-51. Currently under a triple-net lease with a gross potential annual rent exceeding $175,000, this property boasts a compelling cap rate of over 8%. The lease agreement has six years remaining, with options for an additional ten years, ensuring long-term income stability. The property's substantial size and strategic location make it an attractive investment for discerning buyers. The seller is willing to cooperate with 1031 tax-deferred exchanges, providing an added benefit for investors seeking to optimize their tax strategy. Annual rent increases of 2% are built into the lease, providing for future growth and protection against inflation. This is a rare opportunity to acquire a high-performing industrial asset with significant upside potential in a desirable location. The property's size and lease terms offer a secure and profitable investment for years to come. Don't miss this chance to add a strong performer to your portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dowagiac
- County
- Van Buren
- State
- Michigan
- Longitude
- -86.1084
- Latitude
- 42.0364
