FOR SALE > LANSING INDUSTRIAL / FLEX
7800 Northport Drive | Lansing, MI 48917
- 55,241 Square Feet
- For Sale
The tenant, Corix Utilities Inc., is a leader in the implementation of sustainable water, wastewater, and energy infrastructure solutions for small to medium sized communities across North America. In May of 2016, Corix commenced a new 62 month lease expiring June 30, 2022 with two, year long renewal options.
The Property is in a prime location; just south of the I-69/I-496 Interchange and just north of the I-69/I-96 Interchange. GM’s Lansing Delta Assembly Plant is just to the southeast of the Property on the west side of the highway.
West of the Property is a large industrial zoned pad ripe for future development. The site has is shovel ready for a build-to-suit or spec development opportunity up to 72,800 square feet with significant highway frontage. The Lansing market has been very successful over recent years compressing the vacancy rate to below 2%, showcasing the demand for industrial product and the need for new product to be introduced to the market.
The Property comes with an additional source of revenue; a billboard. Situated on the western portion of the undeveloped land, the billboard is leased through 2038. Plans to convert one of the sides of the billboard to digital and will pay $31,900 annually for 20 additional years
Property Status: For Sale Occupied
Building Size: 53241 Square Feet
Area Available: 55,241 Square Feet
- 18 foot clear heights and is also equipped with one truck well and four overhead doors
- Immaculately maintained and has minimal deferred maintenance