Current Bid

$1,900,000

Reserve (info)
Not Met
What is the reserve?
The "Reserve" is the minimum selling price established by the Seller of a property prior to the auction. Most properties on Ten-X have an established Reserve. The Starting Bid is usually set below the Reserve. Note that a winning bidder can be declared whether or not the Reserve is met.
Bid Increment
$250,000
Participation Deposit
$10,000
Bidding ends in:
10h, 48m, 52s
INDUSTRIAL

INLAND - COLOMA

INLAND - COLOMA

4412 Coloma Rd, Coloma, MI 49038

4412 Coloma Rd, Coloma, MI 49038
Rentable Sq. Ft.

418,106

Occupancy

0%

Year Built

1965

Transaction Fee
5% ($20K min)

Property Information

HIGHLIGHTS

  • Ceiling Heights: 24’ – 29’ (22’ at the Eves)
  • CSX Rail Spur into the building. Can hold up to 5 rail cars
  • Facility is 100% Fire Protected
  • Facility is USDA, FDA, and SQF certified due to previous user
  • Building has high efficiency lighting systems with motion sensors
  • 29 dock high doors
  • Currently vacant but at a stabilized market occupancy of +/-89%, upside NOI could be as high as $1,180,589
  • The Facility naturally splits into 3 divisible bays but could likely be easily subdivided further
  • Western Bay: +/- 114,570 sq. ft.
  • Center Bay: +/- 153,605 sq. ft.
  • Eastern Bay: +/- 145,552 sq. ft. (Includes Rail Spur)
  • Facility is Owner/User and Owner/Investor Friendly – Also a good opportunity for a joint venture between a user and an investor
Primary Property Type
Industrial
Occupancy
0%
Type of Ownership
Fee Simple
Year Renovated
1987
Buildings
2
Assessor's Parcel Number
10-0025-0008-01-4
Event Item
B233-125
Transaction Fee
5% of Winning Bid Amount (A $20K minimum applies)
Participation Deposit
$10,000
Gross (Sq. Ft.)
418,106
Occupancy as of Date
03/01/2018
Year Built
1965
Floors
1
Lot Size (Acres)
41.62
Property ID
1000006863
Starting Bid
$1,400,000
Rentable (Sq. Ft.)
418,106
Primary Property Type
Industrial
Occupancy
0%
Occupancy as of Date
03/01/2018
Type of Ownership
Fee Simple
Year Built
1965
Year Renovated
1987
Buildings
2
Floors
1
Assessor's Parcel Number
10-0025-0008-01-4
Lot Size (Acres)
41.62
Event Item
B233-125
Property ID
1000006863
Transaction Fee
5% of Winning Bid Amount (A $20K minimum applies)
Starting Bid
$1,400,000
Participation Deposit
$10,000
Rentable (Sq. Ft.)
418,106
Gross (Sq. Ft.)
418,106
Detailed Description

Please contact the listing brokers to schedule a property tour.

NAI Farbman & Ten – X are pleased to provide the opportunity to acquire the Coloma Industrial Facility via Auction from April 23rd to April 25th, 2018. The 418,106 sq. ft. Industrial/Warehouse Facility is strategically located among several major transportation networks - Interstate 196 North/South and Interstate 94 East/West - in Southwest Michigan. The Facility features highly desirable industrial characteristics such as ceiling heights, docks, and rail service, available at well below replacement cost.

Document Vault

+
Offering Memorandum (1)
0
+
Operating and Financial (8)
0
+
Purchase Agreement_Auction Items (6)
0
+
Third Party Reports (3)
0
+
Title and Insurance (2)
0

Contact

  • BB

    Bill Bubniak
    NAI Farbman
    MI Lic #6502129798
    (248) 351-4379
  • MS

    Matthew Stefan
    NAI Farbman
    MI Lic #6501407270
    (248) 351-4370
  • Jeremy Gallays
    Ten-X Commercial
    Client Management
    (347) 281-7888

Auctioneer License

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