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2510 Snow Road
Lansing, MI 48917
Asking Price
Contact for price
Asset Type
Distribution Industrial
Class
Class B
What's Special
100% Leased | 270,000 SF <p>Institutional quality asset comprising 270,000 SF of industrial space on 24.58 acres. The property is fully leased to two tenants: Palmer Donavin, a wholesale distributor of building supplies, and TemperPack, a sustainable packing company. Both tenants signed 10-year market rate leases at the property. Building amenities include 60 dock doors, 4 grade-level doors, 22-24' ceilings and heavy power. The property benefits from its location in Greater Lansing's premier industrial submarket, with
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
