1805 James P Cole Blvd Flint, MI 48503-1738
- Warehouses
- 21,400 SF
- 7.40 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1805 James P Cole Blvd
- Year built
- 1935
- Lot size
- 7.40 lot acres
- Property size
- 21,400 SF
- Property type
- Warehouses
- APN
- 41-06-452-016
- APU
- 4106452016
Description
This exceptional investment opportunity presents a 19,800-square-foot industrial property located at 1805 James P Cole Blvd, Flint, MI 48503. The property, built in 1975 and extensively renovated in 2023, boasts a single tenant under a NNN lease with a credit-rated tenant. The lease commenced July 1, 2024, and has a remaining term of 4.1 years, expiring December 31, 2028. The asking price is $1,295,000, representing a compelling cap rate of 8.49% with a current NOI of $110,000. The property features two loading docks with two dock-high doors, an 18-foot ceiling height, and ample parking for 20 vehicles. Situated on a 0.75-acre lot in a heavy industrial zone, this building benefits from recent upgrades including a new roof, LED lighting, and fresh paint, both interior and exterior. Its strategic location within a larger industrial park, adjacent to the Lear plant and the Flint Buick City redevelopment project (over 300 acres of new industrial development), offers significant growth potential. The below-market rent and the property's designation as an Opportunity Zone further enhance its investment appeal. This is a single-story building with a net rentable area of 19,800 square feet, priced at $65.40 per square foot. Three rent bumps are included in the lease agreement.
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
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.6842
- Latitude
- 43.034
- CBSA code
- 22420
- CBSA name
- FLINT, MI METROPOLITAN STATISTICAL AREA
