** MINIMUM BID MEETS RESERVE **
The former Historic Flint Armory is now available to purchase via Online Auction! The ±48,452 SF historic building is strategically located along the I-475 with a dedicated on/off ramp from I-475.
Property Highlights/Features as follows:
Total square footage is ±48,452 SF which is made up of 3 buildings with the Armory totaling ±37,212 SF and the built-out garage totaling ±9,240 SF and a separate third building is ±2,000 SF
Located Near the Mahindra Buick City Project
Armory originally built in 1924 and has newer windows, electrical, roof, and 2 commercial kitchens
Ideal logistics center, storage facility, R&D Center, or housing redevelopment
Cash flow in-place: ±19% leased (garage building) with a $30,000/yr NOI ($3.25 psf NNN)
Tenant has recently signed a three (3) year lease extension with rental increases
Armory consists of a large gym, multiple classrooms, commercial kitchen and lunch hall as well as stables, bowling alley, shooting ranges and hands-on training rooms
Ready facility for repairing trucks and rigs with over $1M invested by State of Michigan
±3.36 Acres of fenced and military secure paved yard
MINIMUM BID: $295,000; BID DEADLINE: July 16th at 5:00 PM ET
For all property information and details, please visit www.FRE.com/307D1
- Property Type
Industrial
- Submarket
- Year Built
1924
- Total Building Size
48,452RSF
- Total Acres
3.39
- Number of Buildings
3
- Property ID
2154636
