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Listed by Three West, LLC
$9
4 Baths
47,625 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active U/C Taking Backups
Purchase Type For Rent
Square Footage 47,625 sqft
MLS Listing ID 1948212
Year Built 1999
Lot Size 5.460 Acres
Acres 5.46
Property Sub-Type Industrial
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' × 120' floor plate with 28' eaves, and a 2012 renovation added a 2,160 SF finished office suite — reception, showroom, private offices, break room — with a storage mezzanine above and a dedicated public entry. Loading is handled through a ±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 ±5,000 SF office addition already contemplated on the site plan.
Location
State MI
Interior
Heating Forced Air, Natural Gas
Flooring Concrete
Exterior
Waterfront Description Public
Roof Type Metal/Steel
Total Parking Spaces 66
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456