528 Hughes 3 W Marketing Package

INDUSTRIAL FACILITY FOR SALE | LEASE528 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 Purchase or Lease this 14,797 +/‐ squarefoot Industrial | Distribution Facility in Traverse City, Michigan, located in the Garfield‐HeidbrederIndustrial Park. This property is in a great location close to major streets and Cherry Capital Airport.The building consists of almost 3 000 SF of office 8 300 SF of Shop/Warehouse area and 3 200 SF of231.929.2970 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.

The building consists of almost 3,000 SF of office, 8,300 SF of Shop/Warehouse area and 3,200 SF ofstand alone Warehouse. Approx. 3,300 SF of covered storage could also be enclosed.


Traverse City

TABLE OF CONTENTS

Property Statistics and Building Construction Highlights 3

Property Photo & Building Floor Plan 4

Traverse City Area Overview 5


DAVID J FROST Traverse City Area Overview 5DAVID J FROSTREALTOR231.620.5705 [email protected]


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231.929.2970 Fax


PROPERTY STATISTICS

• Property Address: 528 Hughes DriveTraverse City, Michigan 49686

ACQUISITION TERMS

• PURCHASE TERMS:• $595 000

Traverse CityTraverse City, Michigan 49686(Lot 10‐11, Garfield‐Heidbreder Ind. Park)

• Zoning: M1 ‐Manufacturing• Property Size: 4.79 +/‐ Acres• Access: Two (2) existing curb cut onto Hughes Dr.• Sewer: Public• Water: Public

• $595,000• Conventional Mortgage, Commercial Loan, Cash• Possession at Closing

• LEASE TERMS:• NNN Lease •$2.95/SF ~ $3,638/month

BUILDING CONSTRUCTION

• 14,797 +/‐ total SF

• Storm Water Retention: Onsite retention basins


DAVID J FROST 4,797 / total SF• 3,297 SF of Office• 8,300 SF of Warehouse/Shop Floor• 3,000 SF of Covered Storage Area• 3,200 SF Separate Building

• Built in 1995• Truck bay Loading Docks


• 3 Overhead Doors• Room to Expand Building


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Traverse CityPROPERTY PHOTO & BUILDING FLOOR PLAN


DAVID J FROSTDAVID J FROSTREALTOR231.620.5705 [email protected]


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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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231.929.2970 Fax

Great location in the Garfield-Heidbreder Industrial Park, ideal for Manufacturing / Warehouse / Distribution. Almost 3000 SF of office space offering 12 individual offices, kitchenette, private office and 2 restrooms. 8300 SF of Shop/Warehouse and 3200 SF of stand alone Warehouse Building. Approximately 3300 SF of covered storage area that could be enclosed. 3 overhead doors and 1 truck bay. Close to major streets. Contact listing agent for possible NNN lease options

From Traverse City, take Garfield Road south past Hammond Road. Turn east on Hughes Dr.

528 HUGHES DR $595,000

© 2010 Microsoft Corporation © 2010 NAVTEQ © AND

500 yds

MLS # 1712594Status ActiveCounty Grand TraverseType CommercialAddress 528 HUGHES DRCity Traverse CityZip 49686For Sale or Lease For SaleReal Estate Incl YesBusiness Name N/ABusiness Incl NoInventory Incl No

ApxYrBlt 1995Total SQFT 14797# RestrmsFullTime EmplPark SpacesFixtrs/Equipmnt ValueElectric SupplierElectric Expense (Annual)Heat Exp (Annual)Insurance Exp (Annual)

Unit #Deeded Water Frontage NoBody of WaterWater Private/SharedWaterfront FootageLot # 10-11Subdivision FreestandingLot Dimensions Irreg.Dual MLS #

Lease ExpiresRenewable (Y/N) YesLease Price/SQFTCurrent Zoning# UnitsInventory ValueTownship GarfieldSection # 25Apx # Acres 4.79

BUSINESS TYPE Industrial, Manufacture/Warehouse

LICENSES NoneINCLUDED IN RENT None - N/AHEATING/COOLING TYPE Forced Air, Central AirHEATING/COOLING SOURCE Natural Gas, Mutiple UnitsWATER Municipal WaterWASTE Municipal SewerROOF Asphalt ShingleCONSTRUCTION Wood, Steel/Metal

ROAD FRONTAGE County Maintained, PavedLOCATION Industrial ParkZONING Industrial, Manufacture/WarehouseEXTRAS Overhead Door(s), Loading Dock(s), 3-Phase

Electric, 12' Ceiling HeightBASEMENT NoneFLOOR TYPE Concrete Slab/GradePOSSESSION At ClosingFINANCING AVAILABLE Conventional Mortgage, 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.

04/08/2010 01:16 PM

Customer Report Ask Price:

Great location in the Garfield-Heidbreder Industrial Park, ideal for Manufacturing / Warehouse / Distribution. Almost 3000 SF of office space offering 12 individual offices, kitchenette, private office and 2 restrooms. 8300 SF of Shop/Warehouse and 3200 SF of stand alone Warehouse Building. Approximately 3300 SF of covered storage area that could be enclosed. 3 overhead doors and 1 truck bay. Close to major streets. Also for sale see MLS 1712594

From Traverse City, take Garfield Road south past Hammond Road. Turn east on Hughes Dr.

528 HUGHES DR $3,638

© 2010 Microsoft Corporation © 2010 NAVTEQ © AND

500 yds

MLS # 1714161Status NewCounty Grand TraverseType CommercialAddress 528 HUGHES DRCity Traverse CityZip 49686For Sale or Lease For LeaseReal Estate Incl YesBusiness Name N/ABusiness Incl NoInventory Incl No

ApxYrBlt 1995Total SQFT 14797# RestrmsFullTime EmplPark SpacesFixtrs/Equipmnt ValueElectric SupplierElectric Expense (Annual)Heat Exp (Annual)Insurance Exp (Annual)

Unit #Deeded Water Frontage NoBody of WaterWater Private/SharedWaterfront FootageLot # 10-11Subdivision FreestandingLot Dimensions Irreg.Dual MLS #

Lease ExpiresRenewable (Y/N) YesLease Price/SQFT 2.95Current Zoning# UnitsInventory ValueTownship GarfieldSection # 25Apx # Acres 4.79

BUSINESS TYPE Industrial, Manufacture/Warehouse

LICENSES NoneINCLUDED IN RENT None - N/AHEATING/COOLING TYPE Forced Air, Central AirHEATING/COOLING SOURCE Natural Gas, Mutiple UnitsWATER Municipal WaterWASTE Municipal SewerROOF Asphalt ShingleCONSTRUCTION Wood, Steel/Metal

ROAD FRONTAGE County Maintained, PavedLOCATION Industrial ParkZONING Industrial, Manufacture/WarehouseEXTRAS Overhead Door(s), Loading Dock(s), 3-Phase

Electric, 12' Ceiling HeightBASEMENT NoneFLOOR TYPE Concrete Slab/GradePOSSESSION At ClosingFINANCING AVAILABLE Conventional Mortgage, 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.

04/08/2010 01:10 PM

Customer Report Ask Price:

528 Hughes 3 W Marketing Package

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