3303 John F Donnelly Dr Holland, MI 49424-9207

Property Details for 3303 John F Donnelly Dr

Lot size

6.01 lot acres

Property size

102,336 SF

Zone code

I-2

Property type

Flex space

APN

70-16-08-450-002

APU

701608450002

Description

This exceptional investment opportunity presents two meticulously maintained industrial buildings totaling 200,000 square feet, situated on a 2-acre lot in Holland, Michigan. The property consists of two buildings located at 3303 and 3455 John F Donnelly Drive, both currently 100% occupied under a single, long-term Net Net Net (NNN) lease with 11.1 years remaining until expiration (December 31, 2035). The lease commenced August 5, 2020, and includes a 15.4-year initial term. The buildings are zoned for industrial use and boast a 6.00% cap rate. One building (3455) was originally constructed and expanded over 30 years by the initial owner/tenant, while the other (3303) was purchased and upgraded for expansion by the same owner/tenant. Both facilities have been impeccably maintained by the current owner/tenant, with parking lots, roofs, HVAC systems, and other key infrastructure in excellent condition, requiring no immediate repairs. The tenant has plans for future expansion, adding additional square footage at their own expense and incorporating it into the leaseback agreement. This sale-leaseback opportunity offers a secure, long-term investment with a high-quality tenant and a proven track record of meticulous maintenance. The property is located in Ottawa County, Michigan, with a zip code of 49424. A three-year lease option is available.

Location Insight

City

Holland

County

Ottawa

State

Michigan

Longitude

-86.1067

Latitude

42.8287

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments