FOR SALE > LANSING INDUSTRIAL / FLEX

7800 Northport Drive | Lansing, MI 48917

  • 55,241 Square Feet
  • Industrial
  • For Sale

Summary Description

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

Features:

  • 18 foot clear heights and is also equipped with one truck well and four overhead doors
  • Immaculately maintained and has minimal deferred maintenance
Related Documents:

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