Grand Rapids Air Hub — Sale in Grand Rapids, MI
- Price: Contact for price
- Listing type: For sale
- Asset type: Industrial Property
- Location: Grand Rapids, MI 49512
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Description
Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in the Grand Rapids Air Hub (the “Property” or the “Offering”), a 617,413 SF distribution and manufacturing campus located at 4300 36th Street SE in Grand Rapids, MI. Strategically positioned adjacent to Gerald R. Ford International Airport, this infill facility occupies one of West Michigan’s tightest industrial pockets. With no new industrial product delivered within the last 5-years, the Airport micromarket presents a high-barrier to entry, pushing an astounding vacancy rate less than 1% for product above 200k SF. These exceptional fundamentals are maintained by unmatched local connectivity with access to a deep labor pool. Furthermore, direct access to I-96 presents users expansive regional access to major manufacturing hubs including Detroit, Toledo, and Chicago. Originally operated as a corporate headquarters and manufacturing campus, this unique asset has been extensively repositioned to accommodate both manufacturing and distribution operations, featuring heavy power, a surplus of trailer parking, fully-circulating truck courts, and up to 32’ clear heights. The asset’s diverse physical attributes and premier location have attracted two native Grand Rapids users: Roskam Baking Company, a century-old food contract manufacturer, and Corvac Composites, an automotive parts supplier. The Offering's irreplaceable location, use diversity, and stabilized tenant profile present investors the opportunity to acquire mission-critical product at a yield premium relative to major Midwest markets in an overlooked manufacturing hub with undeniable fundamentals. Bob Horn License #: 6502399932
Market Context
This industrial in Grand Rapids, MI is listed for sale. Compare it against other industrial listings for sale in Grand Rapids, MI — view the full market.
Contact
- Sean Devaney · 6304308918 · sean.devaney@jll.com
- Ross Bratcher · 3122282839 · ross.bratcher@jll.com
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