request_info_guest false

Portage, MI - Star Crane & Hoist

$375,000

8722 Portage Industrial Drive, Portage, MI 49024

Active
Last Updated: 05/23/2025

7.35

Cap Rate

27,500

NOI

Details:
Cap Rate:    7.35%
NOI:    $27,500
Building Size:    2,768 sqft
Lot Area:    3.06 acres
Year Built:    1969
Zoning:    I-1
Description:

• All-Lift Systems, LLC (37+ Locations) Corporate signed lease
• 2 years remaining with 2 (5-year) option periods to extend
• The lease features 5% rental increases at the beginning of each option period
• The property also benefits from additional billboard income through March 2026
• The tenant has operated at this location for 13+ years, demonstrating their commitment to the site

• The subject property is located directly across from a Meijer anchored center that also features a Starbucks outparcel
• In close proximity to a Walmart Supercenter anchored center with an Arby’s outparcel
• Located near the intersection of Shaver Road and W Centre Ave, which combine to average 35,000 vehicles passing by daily
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
Location
Gallery