6741 S Sprinkle Road-ToyBox Marketing Package...6741 S SPRINKLE ROAD PORTAGE, MI 49024 • 82,694 SF...

6741 S SPRINKLE ROADPORTAGE, MI 49024

• 82,694 SF Total, 54,000 SF climate controlled• 5.57 Acres• I-1 Light Industrial• PPN #00012-115-B• City of Portage / Kalamazoo County• AV & TV (2013) $1,026,100• 2013 Property Taxes ($56.51750 Millage) $55,310.57-Summer / $3,497.40-Winter (est)• Personal Property AV & TV (2013) $20,000• 2013 Personal Property Taxes ($44.542 Millage) $835.66-Summer / $61.20-Winter

$2,100,000

This property consists of eight buildings: seven mini-storage buildings and one 12,144 SF retail commercial building. Total of 82,694 SF with approximately 8,000 SF of built-out offi ce. Seven mini-storage buildings house 388 storage units, front building houses 43 climate controlled units, full kitchen area, offi ces and classrooms are features of this investment.

Chad A. Razmus [email protected]

* ATTENTION: Please be advised that this property is subject to bank approval and all sales are contingent upon bank approval. Cooperating brokerage fees will only be paid to brokers who represent a client that closes on the transaction. A full price off er does not entitle a cooperating broker to a commission unless its client is the party approved by the bank and closes on the transaction. All information provided is deemed reliable but is not guaranteed and should be independently verifi ed.

FOR SALE

Amicus Management, Inc • 555 Cascade West Parkway SE • Grand Rapids, MI 49546 • (616) 954-2000

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Daniel J. Yeomans, President, MBA, CCIM

[email protected] Iden

[email protected]

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BishopBishop

PRODUCT SUMMARY MIX

Units Percent SF SF Percent

Total Units 431 100.00% 53,375 100.00%Total Rented 274 63.57% 34,975 65.53%Offline 0 0.00% 0.00%Vacancies 156 36.19% 23,300 43.65%Reserved 1 2.00% 25 0.05%

2023

4245 47

23

14

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48 47

59

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70

UNITS

5 X 5 X 4 CC

5 X 5 X 8 CC

5 X 10 CC

10 X 10 CC

10 X 15 CC

10 X 20 CC

10 X 25 CC

10 X 30 CC

5 X 10 T

10 X 10 T

10 X 15 T

10 X 20 T

Unit Type SF Units Total SFClimate Controled5 x 5 x 4 25 20 5005 x 5 x 8 25 23 5755 x 10 50 42 2,10010 x 10 100 45 4,50010 x 15 150 47 7,05010 x 20 200 23 4,60010 x 25 250 14 3,50010 x 30 300 20 6,000

234 28,825Traditional5 x 10 50 48 2,40010 x 10 100 47 4,70010 x 15 150 59 8,85010 x 20 200 43 8,600

197 24,550Totals 53,375 431

** Please note: 14 units located in Building #2 are located outside the fenced in area, which are not a part of this unit mix.

New user may elect to secure these units and rent them out for additional income.

Units not included: 8-10x15 traditional, 6-5x10 traditional or 1,500 SF potential additional rental.

PRODUCT SUMMARY MIX

Square Ft UnitsFront Building (1994) 12,144 43Seven Storage Units (2003) 70,550 388

82,694 431

Front Building #1 12,144 43Building #6 (CC) 27,000 151Building #7 (CC) 27,000 141Building #2 Outside Fence 1,500 14Building #3 4,600 25Building #4 4,000 21Building #5 3,450 23Building #8 3,000 34

Total SF 82,694 452

11

22 33 44

55667788

** Please note: The discrepancy between 431 units available for rent and the total of 452 are from 14 units not secured behind

fence in Building #2 and an additional 7 units that are combined into larger units. Potential buyer shall rely on his own due

diligence in providing potential rental income based on his investigation on site.

EXTERIOR PHOTOS

Photo taken when mailing service, tanning salon, and dry cleaning drop-off were available under previous ownership.

Photo taken when mailing service, tanning salon, and dry cleaning drop-off were available under previous ownership.

INTERIOR PHOTOS

Photo taken when mailing service was available under previous ownership, now open offi ce area.

INTERIOR PHOTOS

Photo taken when mailing service was available under previous ownership, now open offi ce area.

Dry Cleaning drop-off and Tanning Salon was operated by previous ownership, now open offi ce area.

AERIAL PHOTOS

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Environmental DriveEnvironmental Drive

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Stryker InstrumentsStryker Instruments

Midlink Midlink

Business ParkBusiness Park

Imperial BeverageImperial Beverage

AERIAL PHOTOS

A.

B.

1.

2.

3.

4.

5.

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7.8.

9.

10.

11.12.13.14.

Sec. 42-280. - I-1 light industrial district.

Intent: The I-1 light industrial district is designed to primarily accommodate wholesale andwarehouse activities and industrial operations whose external physical effects are restricted tothe area of the district and in no manner affect in a detrimental way any of the surroundingdistricts. The I-1 district is structured to permit, along with uses specified in this district, themanufacturing, compounding, processing, packaging, assembly and/or treatment of finished orsemi-finished products from previously prepared material. It is the intent of this district to notpermit the processing of raw materials for shipment in bulk form to be used in an industrialoperation at another location.Principal permitted uses: In an I-1 light industrial district, no building or land shall be used, andno building shall be erected, except for one or more of the following specified uses, unlessotherwise provided in this article:

Any principal permitted use or special land use existing as of the date of the adoption ofthis article and not meeting the requirements of this subsection shall not be preventedfrom constructing and/or expanding their facilities and, for the purpose of this article,therefore, shall not be considered nonconforming.The manufacture, compounding, processing, packaging or treatment of such productsas bakery goods, candy, cosmetics, pharmaceuticals, toiletries, food products, hardwareand cutlery, and tool, die, gauge and machine shops.The manufacture, compounding, assembling or treatment of articles or merchandisefrom the following previously prepared materials: bone, canvas, cellophane, cloth, cork,elastomers, feathers, felt, fiber, fur, glass, hair, horn, leather, paper, plastics, rubber,precious or semiprecious metals or stones, sheetmetal, shell, textiles, tobacco, wax,wire, wood (excluding saw and planing mills) and yarns.The manufacture of pottery and figurines or other similar ceramic products using onlypreviously pulverized clay and kilns fired only by electricity or gas.The manufacture of musical instruments, toys, novelties and metal or rubber stamps orother small molded rubber products.The manufacture or assembly of electrical appliances, electronic instruments anddevices.Experimental, film or testing laboratories.The manufacture and repair of electric or neon signs and light sheet metal products,including heating and ventilating equipment, cornices, eaves and the like.Central dry cleaning plants or laundries, provided that such plants shall not deal directlywith consumers at retail.All public utilities, including buildings, necessary structures, storage yards and otherrelated uses, including such uses as electric and gas service buildings and yards; publicutility buildings, telephone exchange buildings, electrical transformer stations andsubstations and gas regulator stations; water supply and sewage disposal plants; waterand gas tank holders; railroad transfer and storage tracks; and railroad rights-of-way.Warehouse, storage and transfer buildings.Railroad and truck terminal freight facilities.Offices for building, plumbing, electrical, mechanical or environmental contractors.Storage facilities for building materials, sand, gravel, stone and lumber, and the storageof contractor's equipment and supplies.

ZONING

A.

B.

1.

2.

3.

4.

5.

6.

7.8.

9.

10.

11.12.13.14.

Sec. 42-280. - I-1 light industrial district.

Intent: The I-1 light industrial district is designed to primarily accommodate wholesale andwarehouse activities and industrial operations whose external physical effects are restricted tothe area of the district and in no manner affect in a detrimental way any of the surroundingdistricts. The I-1 district is structured to permit, along with uses specified in this district, themanufacturing, compounding, processing, packaging, assembly and/or treatment of finished orsemi-finished products from previously prepared material. It is the intent of this district to notpermit the processing of raw materials for shipment in bulk form to be used in an industrialoperation at another location.Principal permitted uses: In an I-1 light industrial district, no building or land shall be used, andno building shall be erected, except for one or more of the following specified uses, unlessotherwise provided in this article:

Any principal permitted use or special land use existing as of the date of the adoption ofthis article and not meeting the requirements of this subsection shall not be preventedfrom constructing and/or expanding their facilities and, for the purpose of this article,therefore, shall not be considered nonconforming.The manufacture, compounding, processing, packaging or treatment of such productsas bakery goods, candy, cosmetics, pharmaceuticals, toiletries, food products, hardwareand cutlery, and tool, die, gauge and machine shops.The manufacture, compounding, assembling or treatment of articles or merchandisefrom the following previously prepared materials: bone, canvas, cellophane, cloth, cork,elastomers, feathers, felt, fiber, fur, glass, hair, horn, leather, paper, plastics, rubber,precious or semiprecious metals or stones, sheetmetal, shell, textiles, tobacco, wax,wire, wood (excluding saw and planing mills) and yarns.The manufacture of pottery and figurines or other similar ceramic products using onlypreviously pulverized clay and kilns fired only by electricity or gas.The manufacture of musical instruments, toys, novelties and metal or rubber stamps orother small molded rubber products.The manufacture or assembly of electrical appliances, electronic instruments anddevices.Experimental, film or testing laboratories.The manufacture and repair of electric or neon signs and light sheet metal products,including heating and ventilating equipment, cornices, eaves and the like.Central dry cleaning plants or laundries, provided that such plants shall not deal directlywith consumers at retail.All public utilities, including buildings, necessary structures, storage yards and otherrelated uses, including such uses as electric and gas service buildings and yards; publicutility buildings, telephone exchange buildings, electrical transformer stations andsubstations and gas regulator stations; water supply and sewage disposal plants; waterand gas tank holders; railroad transfer and storage tracks; and railroad rights-of-way.Warehouse, storage and transfer buildings.Railroad and truck terminal freight facilities.Offices for building, plumbing, electrical, mechanical or environmental contractors.Storage facilities for building materials, sand, gravel, stone and lumber, and the storageof contractor's equipment and supplies.

ZONING

15.16.17.

18.19.

C.

1.2.3.4.5.6.

7.

8.

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b.

c.d.e.

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g.

Trade or industrial schools.Veterinary clinics and incidental facilities.Accessory structures and uses customarily incidental to the uses permitted in thissection.General agriculture.Specialized agriculture. A specialized agricultural use of land operating and in existenceon November 23, 1989, and land contiguous with and owned by a person operatingsuch adjoining parcel on November 23, 1989, shall be considered conforming for allpurposes under this article.

Special land uses: The following uses may be allowed in an I-1 light industrial district, subject tothe conditions imposed in this section for each use, and subject further, to the review andapproval of the planning commission in accordance with the provisions of division 5,subdivision 1 of this article:

Automobile service stations.Automobile repair stations (major and minor).Automobile or other machinery assembly plants.Painting and varnishing shops, and undercoating shops.Lumber and planing mills.Metal plating, buffing and polishing, subject to appropriate measures to control the typeof process to prevent noxious results and nuisances.Warehouse, wholesale/retail outlets which, because of the nature of their operations,the size of their buildings or some other peculiarity, in the opinion of the planningcommission, are equally or better suited for a location in an I-1 district, with access to amajor thoroughfare, which access shall, in the opinion of the commission, be sufficientfor the amount of traffic volume generated by the wholesale/retail outlet, and shall notdisturb other light industrial developments in the district.Heliports and airports: To ensure that facilities are consistent with the public interest andsafety and that impacts on surrounding land uses are minimized, these facilities shall, inaddition to complying with all federal and state standards and requirements, comply withthe following:

Adequate provision shall be made for reasonable and safe vehicular andpedestrian access to the facility.The surfaces used for landing and other air operations shall be constructed andmaintained to ensure that dust, dirt or other matter will not be blown ontoadjacent property by aircraft operations.All provisions of building, fire and health codes shall be met.Appropriate provision shall be made for off-street parking.In addition to the site plan required by division 5, subdivision 1 of this article, adetailed plan of the facility must be submitted showing the layout of the aircraftlanding and parking areas, fire suppression equipment, and access, auto parkingareas, fences, landscaping, lights, walkways adjacent to streets, and other detailswhich relate to development standards, as well as an approach/departure flightpath site plan showing proposed flight path locations, slopes and other necessarydetails.Any condition of approval set forth in any federal or state approval shall beincluded as a condition by the planning commission.The facility shall be located at least 1,000 feet from any adjacent property line.

ZONING

h.

9.a.

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10.

11.

D.1.

2.

3.

4.

a.

b.

Hours of operation may be restricted by the planning commission to preventdisturbances to off-site residences and property.

Outdoor theatres: Outdoor theatres shall be subject to the following conditions:The proposed internal design shall receive approval from the director as theadequacy of drainage, light and other technical aspects.Ingress and egress shall be from a major thoroughfare as defined in the majorthoroughfare plan.All vehicles waiting to enter the facility shall be provided with off-street waitingspace. No vehicle shall wait or stand with a dedicated right-of-way.The area shall be laid out so as to prevent stage, movie screen or other activityarea from being viewed from residential areas or adjacent major thoroughfares.All lighting used to illuminate the area shall be so installed as to be confinedwithin and directed onto the premises of the outdoor theatre site and comply withthe requirements of division 6, subdivision 4.

Other uses similar to, and not more objectionable than, the uses permitted in thissection, which will not be injurious or have an adverse effect on adjacent areas, andmay, therefore, be permitted subject to such conditions, restrictions and safeguards asmay be deemed necessary in the interest of public health, safety and welfare.Accessory structures and uses customarily incidental to the uses permitted in thissection.

Site development requirements.Lot, yard and building requirements shall be governed by the requirements of division 4,subdivision 10 of this article.Parking, signs, landscaping, and lighting shall be governed by the requirements ofdivision 6 of this article.Site plan review shall be governed by the requirements of division 5, subdivision 2 ofthis article.That portion of the land used for open storage facilities for materials or equipment shallbe totally obscured by a wall on those sides abutting a more restrictive zoning district,and on any front yard abutting a public thoroughfare, except as otherwise provided insection 42-573

In an I-1 district, the extent of such wall may be determined by the planningcommission on the basis of use. Such wall shall be not less than six feet in height;and may, depending upon land use, be required to be higher; and shall besubject, further, to the requirements of section 42-573A chain link fence with a dense evergreen shrub planting shall be considered anobscuring wall. The height thereof shall be determined in the same manner asthe wall height as set forth in subsection a, above.

(Ord. No. 03-01 (Exh. A, § 42-470), 2-18-2003)

DEMOGRAPHICS

DEMOGRAPHICS

AreaStateUSA

Trends 2012-2017

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

3

2.5

2

1.5

1

0.5

0

20122017

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

1514131211109876543210

2012 Household Income

<$15K11.1%

$15K - $24K10.4%

$25K - $34K13.5%

$35K - $49K14.8%

$50K - $74K26.3%

$75K - $99K13.5%

$100K - $149K9.8%

$150K - $199K0.3%

$200K+0.3%

2012 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

80

70

60

50

40

30

20

10

0

DEMOGRAPHICS

DEMOGRAPHICS

AreaStateUSA

Trends 2012-2017


Annual

Rat

e (i

n p

erce

nt)

3.5

3

2.5

2

1.5

1

0.5

0

20122017

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

16

14

12

10

8

6

4

2

0


<$15K14.4%

$15K - $24K14.6%

$25K - $34K17.1%

$35K - $49K16.8%

$50K - $74K19.3%

$75K - $99K9.2%

$100K - $149K7.1%

$150K - $199K0.6%

$200K+0.8%



Perc

ent

8580

75706560555045403530

2520151050

DEMOGRAPHICS

DEMOGRAPHICS

AreaStateUSA

Trends 2012-2017


Annual

Rat

e (i

n p

erce

nt)

3.5

3

2.5

2

1.5

1

0.5

0

20122017

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

14131211109876543210


<$15K14.7%

$15K - $24K13.1%

$25K - $34K12.7%

$35K - $49K15.6%

$50K - $74K19.0% $75K - $99K

10.4%

$100K - $149K9.7%

$150K - $199K2.5%

$200K+2.3%



Perc

ent

80

75

70

6560

55

50

45

40

35

30

2520

15

10

5

0

TRAFFIC COUNTS

20

THE AMICUS PROCESS

Market Reach

All of our listings are populated to all of these websites for maximum internet exposure. The websites, in turn, produce many opportunities to be found by various search engines based on keywords distinctly featuring your property. Many details are gathered on a lease or purchase opportunity before ever calling the agent representing the property.

49,95049,950

CPIXCPIX

http://www.cpix.net

A commercial information exchange (CIE), serving

The State of Michigan.

41,98341,983

Commercial IQCommercial IQ

http://commercialiq.com

A national commercial real estate search engine,

drawing thousands of visitors daily.

23,47323,473

SiteLink CompaniesSiteLink Companies

http://southlandcommercial.catylist.com

Members that use SiteLink to display listings on

their company websites.

3,1833,183

Oodle ClassifiedsOodle Classifieds

http://oodle.com

One of the world's largest classifieds services.

2,4392,439

GoogleGoogle

http://google.com

The world's leading search engine.1,4301,430

MEDCMEDC

http://michigan.catylist.com

A local Economic Development organization.

881881

RofoRofo

http://rofo.com

A tenant-focused search engine for office, retail,

and industrial space.

820820

CIMLSCIMLS

http://cimls.com

A national commercial/investment MLS with over

100,000 registered members.

584584

LinkedInLinkedIn

http://linkedin.com

A business-oriented social network with over 100

million members worldwide.

334334

OfficeSpaceOfficeSpace

http://officespace.com

A tenant-focused search engine for office, retail,

and industrial space.

276276

YahooYahoo

http://yahoo.com

One of the world's largest search engines.239239

DEGCDEGC

http://degc.catylist.com


22

Pensacola AoRPensacola AoR

http://www.gulfcoastcmls.com


the Gulf Coast Region.

22

KAARKAAR

http://www.kaarcie.com


The Knoxville Area.

22

PropBotPropBot

http://propbot.com

A national search engine for commercial real estate.11

LACDBLACDB

http://www.lacdb.com


The State of Louisiana.

11

MFCREMFCRE

http://www.mfcre.com


Central and SW FL.

11

PARPAR

http://www.parcie.com


The State of Pennsylvania.

11

WCIEWCIE

http://www.ciewisconsin.com


The State of Wisconsin.

11

PropertySharkPropertyShark

http://propertyshark.com

A property research database covering major

markets.

21

THE AMICUS PROCESS

Marketing Research

193193

BingBing

http://bing.com

A search engine powered by Microsoft.179179

Vast ClassifiedsVast Classifieds

http://vast.com

A leading vertical search platform for real estate

with millions of users a month.

139139

ICREXICREX

http://www.icrex.net


The State of Indiana.

123123

CatylistCatylist

http://sitefinder.catylist.com


the State of Michigan.

112112

Oakland County BDSOakland County BDS

http://globaloakland.catylist.com

A local Economic Development organization.7979

Monroe County IDCMonroe County IDC

http://monroecountyidc.catylist.com


7777

GRCCGRCC

http://thegrcc.catylist.com


REMATRIXREMATRIX

http://rematrix.com

A Canadian commercial real estate portal.

4444

Wayne County EDGEWayne County EDGE

http://waynecounty.catylist.com


City of FentonCity of Fenton

http://cityoffenton.catylist.com


2828

Enterprise Group of JacksonEnterprise Group of Jackson

http://enterprisegroup.catylist.com


Ann Arbor SPARKAnn Arbor SPARK

http://annarborusa.catylist.com


2626

City of NoviCity of Novi

http://investnovi.catylist.com


City of Auburn HillsCity of Auburn Hills

http://auburnhills.catylist.com


2323

LEAPLEAP

http://leapinc.catylist.com


CALVCALV

http://www.calv.org


The Greater Las Vegas Area.

2020

East LansingEast Lansing

http://eastlansing.catylist.com


NICARNICAR

http://www.nicarx.com


Northern Illinois.

55

The RCA of MAThe RCA of MA

http://www.masscie.com


The State of Massachusetts.

33

NECPENECPE

http://www.newenglandcommercialproperty.com


New Hampshire, Maine, Vermont, Massachusetts.

33

KCREAKCREA

http://www.kcrea.com


The State of Kentucky.

33

OAROAR

http://www.ohiocommercialsource.com


The State of Ohio.

22

Pikes Peak RSCPikes Peak RSC

http://www.coloradospringscommercialproperties.com


The Colorado Springs Area.

22

The MEDCThe MEDC

http://medc.catylist.com


the State of Michigan.

6741 S Sprinkle Road-ToyBox Marketing Package...6741 S SPRINKLE ROAD PORTAGE, MI 49024 • 82,694 SF...

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Transcript of 6741 S Sprinkle Road-ToyBox Marketing Package...6741 S SPRINKLE ROAD PORTAGE, MI 49024 • 82,694 SF...