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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0BEDS
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7.3ACRES
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2BATHS
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01/2 BATHS
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63,148SQFT
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$32$/SQFT
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.