Description
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.
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Listing Agent: Jeff Chrystal Courtesy of: Kalamazoo Commercial Real Estate IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 2nd February, 2023 9:17 PM (UTC)
