5935 Enterprise Drive

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5935 Enterprise Drive

Lansing, MI 48911
Asking Price
$1.74M
Cap Rate
6.75%
Asset Type
Distribution Industrial
Class
Class B

What's Special

TruGreen | Recent Lease Extension | 35+ Year Occupancy | Former Built-to-Suit | Lansing, MI <ul><li>​<strong>National Credit Tenant:</strong> TruGreen is the nation's largest commercial and residential lawn care company, servicing over 2.3 million customers annually across its 350+ locations in North America.</li><li>​<strong>Commitment to Location:</strong> TruGreen has occupied the facility since 1991 and just recently extended its lease another 5 years, further proving its long-term commitment to this facility and market</li><li>​<strong>Former Build-to-Suit:</strong> This facility

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NOI
$80,000
Cap Rate
4.61%
DSCR
0.78
Underwater
Cash-on-Cash
-4.43%
Monthly Payment
$8,590.245
Annual Cash Flow
$-23,082.943

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