Traversefield Marketing Package

INDUSTRIAL / MANUFACTURING OPPORTUNITYTRAVERSE CITY, MICHIGAN

Traverse City

DOWNTOWNTRAVERSE CITY

For information contact:

DAVID J FROST

TRAVERSE CITY

Cherry Capital Airport

S. Airport RoadDAVID J FROSTPrincipal | REALTOR231.620.5705 [email protected]

THREE WEST, LLCLicensed Real Estate Broker4020 Copper ViewSte. 129Traverse City, MI 49684

Three West is pleased to present this excellent opportunity to Lease this 20,100 +/‐ square foot Industrial / Manufacturing building in Traverse City, Michigan, located near Cherry Capital Airport. This property contains 5.76 acres of land, including space that allows for additional building expansion The Building consists of approximately 4 500 SF of office area and231.929.2955 Phone

231.929.2970 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.

building expansion. The Building consists of approximately 4,500 SF of office area and approximately 15,600 SF of shop floor area.


Traverse City

TABLE OF CONTENTS

Property Statistics and Building Construction Highlights 3

Property Site Plan & Building Photo 4

Building Floor Plan 5


DAVID J FROST Building Floor Plan 5

Traverse City Area Overview 6

DAVID J FROSTPrincipal | REALTOR231.620.5705 [email protected]


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231.929.2955 Phone231.929.2970 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.


PROPERTY STATISTICS

• Property Address: 2170 Traversefield DriveTraverse City, Michigan 49686

BUILDING CONSTRUCTION

• Three (3) elec. Control panels exist in shop w/ breakers• Telephone system exists w/ high speed internet (16 ext )

Traverse CityTraverse City, Michigan 49686

• Zoning: M1 ‐Manufacturing• Property Size: 5.76 +/‐ Acres (Approx. 503’ x 470’)• Access: One (1) existing curb cuts onto Traversefield Dr.• Sewer: Public• Water: Public• Parking: 56 lighted onsite parking spaces

• Telephone system exists w/ high speed internet (16 ext.)• One (1) 20‐ton crane w/ 100’ of runway• One (1) 2‐ton crane w/ 50’ of runway• Underground sprinkler system for front yard• Phase I Environmental Site Assesment has been completed• Quality control lab is climate controlled (Approx. 1,500 sft)• One (1) overhead door and one (1) truck well exists

BUILDING CONSTRUCTION

• 20,100 +/‐ total SF • 4,500 SF of Office

• Storm Water Retention: Onsite retention basins• Landscaping: Fully irrigated front lawn area

• Building can be expanded up to an additional 50,000 sq. ft.

ACQUISITION TERMS

• LEASE TERMS:• $3.95 / sq. ft. NNN


DAVID J FROST • 15,600 SF of Manufacturing Floor• Built in 1997• 30’ eave heights in shop, 16’ eave heights in office• One (1) 16’ grade level door• One (1) truck dock with levelers and bumpers• Roof: Standing seam steel• Floor: 8” thick reinforced concrete

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• PURCHASE TERMS:• Lease may be negotiated with an Option to Purchase


• Floor: 8 thick reinforced concrete• Entire building is wet sprinkled• 200’ of buss duct (600 amp copper) is wired and erected • Various buss plugs 5 to 20 amps exist (Approx. 15)• 480‐volt power w/ extra transformer for expansion• 15 horse power air compressor w/ 200 gal holding tank• Finished offices equaling 4,500 sq. ft.


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• Bathrooms exist in office and shop areas• Overhead lighting is complete throuhout

231.929.2955 Phone231.929.2970 Fax


Traverse CityPROPERTY SITE PLAN


DAVID J FROSTDAVID J FROSTPrincipal | REALTOR231.620.5705 [email protected]


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231.929.2955 Phone231.929.2970 Fax



BUILDING FLOOR PLANTraverse City


DAVID J FROSTDAVID J FROSTPrincipal | REALTOR231.620.5705 [email protected]


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231.929.2955 Phone231.929.2970 Fax



• 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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231.929.2955 Phone231.929.2970 Fax


Documents

Traversefield Marketing Package