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Julie A Moraitis

julie.moraitis@exprealty.com +1(248) 568-6368

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Active Under Contract

2364 Traversefield DR Garfield Twp, MI 49686

47,625 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Rent

Square Footage 47,625 sqft

MLS Listing ID 78080071262

Year Built 1999

Lot Size 5.460 Acres

Acres 5.46

Property Description

Three West Commercial is pleased to present 2364 Traversefield Drive, a 42,000 SF industrial warehouse on 5.40 acres in Traverse City's Traversefield Enterprise Place. The building features a clear-span 350' Ãƒ- 120' floor plate with 28' eaves, and a 2012 renovation added a 2,160 SF finished office suite Ã¢â‚¬" reception, showroom, private offices, break room Ã¢â‚¬" with a storage mezzanine above and a dedicated public entry. Loading is handled through a Ã‚ ±5,000 SF covered dock with two dock-height doors and a grade-level drive-in, and the fully sprinklered building carries heavy power and 125 psf floor loads. The property is leased triple-net through March 2027 at well below market rent, so the asset produces income from day one: an investor gains a built-in runway to re-lease at market with significant yield upside, while an owner-user can collect rent while planning a 2027 occupancy. The site also supports future expansion, with a Ã‚ ±5,000 SF office addition already contemplated on the site plan.

Location

State MI

County Grand Traverse

Area Area28041Garfieldtwp

Interior

Heating Forced Air, Natural Gas, Other Heating Source

Flooring Concrete

Fireplace No

Exterior

Parking Features ParkingLot, Other

Utilities Available NaturalGasConnected

View Y/N No

Roof Type Metal

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Traverse City

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

Listed by Kevin L Endres of Three West, LLC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 568-6368

julie.moraitis@exprealty.com

eXp Plymouth, Plymouth, MI, 48170, USA

Julie A Moraitis

2364 Traversefield DR Garfield Twp, MI 49686

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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2364 Traversefield DR

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