MLS Public Remarks INVESTMENT OPPORTUNITY: Over 63,000 SF of light industrial space across two properties situated on a total of 7.3 Acres in Dowagiac, MI. Approximately 55,960 SF is anchored by Securit Metal Products on a 10 year NNN lease with 2% annual rental increases through 12/16/2031 and an additional two (2) five (5) year renewal options. For over 65 years, Securit has been producing high-quality rivets in Dowagiac, Michigan and has been at this specific location since 1955. Specializing in the manufacturing and sales of solid rivets to global customers across a wide range of industries. In February of 2022 Securit was acquired by Grand Rapids based Auxo Investment Partners. Seller also personally rents a portion of the property totaling 7,200 SF for their personal use.
http://www.www.realestateone.com.com/22051020
Mailing City Dowagiac
Directions Two parcels, please use GPS.
Fin Below Grd SqFt 0
Total Fin SqFt 63,148
Price/SqFt $0
Unfinished SqFt 0
Above Grade Finished SqFt 63,148
CDOM 46
Sub Property Type Industrial
Year Built 1955
Days on Market 173
Business Type Distribution, Manufacturing
Land Assessment -
Improvements -
Net Taxes $26706
Acreage 7.0
Taxes $26706.0
Tax Year 2022
Summer Taxes -
School District Decatur
Winter Taxes -
Lower Level Square Footage 0
Waterview N
For Lease/Rent N
Est. Total Acres 7.0
WaterFrontage
0
Heating Forced Air, Space Heater
Water Public, Well
Zoning Industrial
Heating Forced Air, Space Heater
Garage 0.0
Sewer Septic System
Terms/Misc. Cash, Conventional
Exterior Materials Metal Siding
Status Change Date 12/19/2022
Listing Date 12/19/2022
Internet/IDX Y
Listing Office
Kalamazoo Commercial Real Estate
Office Address
501 W. Willard Street
Listing Number
22051020
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