343 Hughes 3 W Marketing Package

MANUFACTURING FACILITY – FOR LEASE343 HUGHES DRIVE, TRAVERSE CITY, MICHIGAN

Traverse CityW. Grand

Traverse Bay E. Grand

DOWNTOWNTRAVERSE CITY

Traverse Bay

For information contact:

DAVID J FROSTHughes Drive

Cherry Capital Airport

S. Airport Road

DAVID J FROSTREALTOR231.620.5705 [email protected]

THREE WEST, LLCLicensed Real Estate Broker4020 Copper ViewSte. 129Traverse City, MI 49684231.929.2955 Phone231 929 2970 Fax

Three West is pleased to offer this excellent opportunity to Lease this 20,700 +/‐ square footManufacturing Facility in Traverse City, Michigan, located in the Garfield‐Heidbreder Industrial Parkfor $3.75 NNN. This property contains 1.95 acres of land and the building consists of approximately2 000 SF of office area and approximately 18 700 SF of manufacturing area The east wall is231.929.2970 Fax

©2010, Three West, LLC. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

2,000 SF of office area and approximately 18,700 SF of manufacturing area. The east wall isexpandable. This building has many extras and could be leased with a possible option to purchase.


Traverse City

TABLE OF CONTENTS

Property Statistics and Building Construction Highlights 3 ‐ 4

Property Site Plan 5

Building Floor Plan 6


DAVID J FROST Building Floor Plan 6

Building Photos 7 ‐ 8

Traverse City Area Overview 9



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PROPERTY STATISTICS

• Property Address: 343 Hughes DriveTraverse City, Michigan 49686

BUILDING CONSTRUCTION

• The complete building is sprinkled for fire protection• Three electrical control panels exist in the shop

Traverse CityTraverse City, Michigan 49686(Lot 17, Garfield‐Heidbreder Ind. Park)

• Zoning: M1 ‐Manufacturing• Property Size: 1.95 +/‐ Acres (Approx. 270’ x 315’)• Access: One (1) existing curb cuts onto Hughes Dr.• Sewer: Public• Water: Public

• Three electrical control panels exist in the shop, breakers are also installed plus ample room exists for additional breakers. (Total amps approx. 1,200 to 2,000)• 6” concrete floors• Telephone system exists with high speed internet. (approx. 12 to 16 extensions)• Two American 7.5 T Cranes, both having approx. 100

BUILDING CONSTRUCTION

• 20,700 +/‐ total SF

• Parking: 56 lighted onsite parking spaces• Storm Water Retention: Onsite retention basins• Landscaping: Front Yard includes underground sprinklers

and 80 feet of run way respectively. Both cranes have electric pendant controls• Storage area is finished up and downstairs (approx. 1,000 SF. Also, there is an additional 900 SF that projects outward into the parking lot• There is a climate controlled room for inspections (Approx 1 000 SF


DAVID J FROST 0,700 / total SF• 2,000 SF of Office• 18,700 SF of Manufacturing Floor

• Built in 1991• Approved to add 10,760 SF of manufacturing floor & 1,000 SF of office.• 300’ of 600 amps buss duct. (copper) is wired and erected

( )

(Approx. 1,000 SF• Radiant heat throughout the shop area

ACQUISITION TERMS

• LEASE TERMS:• $3.75 / sq. ft. NNN


• Various buss plugs 5 amp to 20 amp (approx. 20)• 25 HP air compressor with 500 gallon holding tank• Air plumbing is run throughout the production area• Bathrooms exist (approx. 400 SF total)• Overhead lighting is complete throughout. Flexible conduit was used in 10,000 SF for easy access to allow for expandability

• PURCHASE TERMS:• Lease may be negotiated with an Option to Purchase


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expandability231.929.2970 Fax



ADDITIONAL PROPERTY INFO

The property is a one story, pre‐engineered steelmanufacturing building with framed offices It was built

Traverse CityThe office area has a half bath. The baths are finishedwith vinyl tile floors drywall ceilings and painted drywallmanufacturing building with framed offices. It was built

in 1991. An 8,700 square foot manufacturing additionwas constructed on the south side of the building in1994. A 1,000 square foot office addition was added atthe same time to the west side of the building. The shoparea has one 12' x 14' overhead door. There is an 8' x 10'overhead door located at the truck entrance. The

with vinyl tile floors, drywall ceilings, and painted drywallwalls. The office area has an independent natural gasfired HVAC unit for cooling and heating needs. There aretwo American 7.5 ton bridge cranes in the building.These items are included in the value estimate. Insidethe shop area a 484 square foot inspection room hasbeen constructed. It has a suspended acoustical tile

exterior walls are painted steel. The addition has asimilar appearance to the original building. The roof isstanding seam steel. The foundation walls are pouredconcrete and there is a six inch reinforced concretefloor. The building walls have a poured concrete kneewall to a height of five feet with pre‐engineered steel

i h 21 f hi h Th i i fi i h


DAVID J FROST

ceiling, wood paneled walls and a painted concrete floor.

construction to the 21 foot high eaves. The interior finishof the shop is exposed vinyl back insulation and exposedsteel frame. The building is heated with natural gas firedsuspended forced air units and insulated with six inchvinyl backed insulation. The entire shop area hascompressed air lines throughout. The building contains atotal of 20,700 square feet including the office portion of


total of 20,700 square feet including the office portion ofthe building which contains 2,000 square feet of space.The office's exterior walls have brick veneer up to aheight of seven feet. There is a decorative metaloverhang at the office area. The office area has finisheddrywall ceilings, vinyl tile and carpeted floors, andpainted drywall walls. There are men and women's


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lavatories in the main shop area for the employees.231.929.2970 Fax



Traverse CityPROPERTY SITE PLAN


DAVID J FROSTDAVID J FROSTREALTOR231.620.5705 [email protected]


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BUILDING FLOOR PLANTraverse City




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• The Traverse City Area is one of the state’s leading

TRAVERSE CITY AREA OVERVIEW

• Traverse City is home to MunsonMedical Center

Traverse City• The Traverse City Area is one of the state s leading tourism destinations. The number of visitors to Grand Traverse County has increased steadily from an estimated 1.2 million in 1990 to 1.9 million in 2005.

• While population growth across the area is similar to that of the U.S. as a whole, local growth rates are

• Traverse City is home to Munson Medical Center, Northern Michigan’s largest medical facility and one of Traverse City’s largest employers.

• The five county region has a very strong and active Chamber of Commerce.

significantly above statewide averages.

• Grand Traverse County’s population as of 2006 was 86,413 and is expected to climb to 92,540 by 2011. This accounts for an annual population increase of 1,225.


DAVID J FROST• The median household income in 2006 for the five County area was $48,896. These median household incomes are expected to increase by 2.6% by the year 2011, or $55,562.

• The educational attainment for adults, aged over 25


, gyears as of 2005, for the Grand Traverse region out paced both the state and national averages with 40.1% of this population obtaining an associates degree or higher .


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Offering 18,700 SF of manufacturing area and 2,000 SF of office space. 300 ' of 600 amps buss duct, various buss plugs, 5 amp to 20 amp. Air plumbing throughout, 3 control panels in shop. Two 7.5 ton cranes with 100' and 80' of runway, storage area upstairs and down. Climate controlled inspection room. 480 volt power with transformer and radiant heat in shop. East wall is expandable. Many extras. Possible lease with option to purchase.

On Hughes Drive in Garfield-Heidbreder Industrial Park.

343 HUGHES DR $6,468

© 2010 Microsoft Corporation © 2010 NAVTEQ © AND

500 yds

MLS # 1712623Status ActiveCounty Grand TraverseType CommercialAddress 343 HUGHES DRCity Traverse CityZip 49686For Sale or Lease For LeaseReal Estate Incl YesBusiness Name N/ABusiness Incl NoInventory Incl No

ApxYrBlt 1991Total SQFT 20700# RestrmsFullTime EmplPark SpacesFixtrs/Equipmnt ValueElectric SupplierElectric Expense (Annual)Heat Exp (Annual)Insurance Exp (Annual)

Unit #Deeded Water Frontage NoBody of WaterWater Private/SharedWaterfront FootageLot # 17Subdivision FreestandingLot Dimensions 270x315Dual MLS #

Lease ExpiresRenewable (Y/N)Lease Price/SQFT 3.75Current Zoning M1# UnitsInventory ValueTownship Traverse CitySection # 24Apx # Acres 1.95

BUSINESS TYPE Industrial, Manufacture/Warehouse

LICENSES NoneINCLUDED IN RENT None - N/AHEATING/COOLING TYPE Forced Air, Central AirHEATING/COOLING SOURCE Natural GasWATER Municipal WaterWASTE Municipal SewerROOF OtherCONSTRUCTION Steel/Metal

ROAD FRONTAGE County Maintained, PavedLOCATION FreestandingZONING Industrial, Manufacture/WarehouseEXTRAS Overhead Door(s), Phone System, Overhead

Crane, Air Compressor, 22' Ceiling HeightBASEMENT NoneFLOOR TYPE Reinforced ConcretePOSSESSION At ClosingFINANCING AVAILABLE Commercial Loan, CashMISCELLANEOUS See Remarks

Stanley A Tornga(231) 883-8267

[email protected] WEST, LLC

(231) 929-29554020 Copper View, Suite 129

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © 1998-2010 Traverse Area Association of REALTORS ®. All Rights Reserved.

04/06/2010 01:48 PM

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343 Hughes 3 W Marketing Package

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