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Warehouse

1776 Hilltop Rd

1776 Hilltop Rd, St. Joseph, MI 49085

Listing Price: $4,760,000

Cap Rate
1.00%
Gross SF
119,000
Price/Gross SF
$40.00
Lot Size
21.50 acres
Year Built
1957
Rentable SF
11,900

Investment Overview

Marcus & Millichap is pleased to present an exclusive industrial investment opportunity located at 1776 Hilltop Road, St. Joseph, Michigan.
The Subject Property is a masonry & metal warehouse that features 119,000 SF± of total leasable space on an industrial-commercial zoned 21-acre parcel.
The Subject Property is currently occupied by Centennial Storage, a regional specialized vehicle storage business. Associated with local waterfront and marina operations (such as Fisherman’s Wharf St. Joseph), Centennial Storage primarily serves the seasonal, recreational, and industrial storage needs of Southwest Michigan residents and visitors.
Conveniently situated off Hilltop Road in South St. Joseph, the Property is positioned for manufacturing and distribution, with an approximate 4-minute drive to Michigan’s I-94. This proximity provides convenient transit access for freight trucks and commuters traveling along the I-94
corridor between Chicago and Detroit.

Investment Highlights

  • 119,000 SF Facility on a 21-acre parcel with potential for expansion and rail spur
  • Latest property rennovation completed in 2021
  • Value Add Property, with in place below market rent ready for repositioning

Exclusively Listed By

Warehouse

1776 Hilltop Rd

Listing Price: $4,760,000

Cap Rate
1.00%
Gross SF
119,000
Price/Gross SF
$40.00
Lot Size
21.50 acres
Year Built
1957
Rentable SF
11,900

Investment Highlights

  • 119,000 SF Facility on a 21-acre parcel with potential for expansion and rail spur
  • Latest property rennovation completed in 2021
  • Value Add Property, with in place below market rent ready for repositioning

Investment Overview

Marcus & Millichap is pleased to present an exclusive industrial investment opportunity located at 1776 Hilltop Road, St. Joseph, Michigan. The Subject Property is a masonry & metal warehouse that features 119,000 SF± of total leasable space on an industrial-commercial zoned 21-acre parcel. The Subject Property is currently occupied by Centennial Storage, a regional specialized vehicle storage business. Associated with local waterfront and marina operations (such as Fisherman’s Wharf St. Joseph), Centennial Storage primarily serves the seasonal, recreational, and industrial storage needs of Southwest Michigan residents and visitors. Conveniently situated off Hilltop Road in South St. Joseph, the Property is positioned for manufacturing and distribution, with an approximate 4-minute drive to Michigan’s I-94. This proximity provides convenient transit access for freight trucks and commuters traveling along the I-94 corridor between Chicago and Detroit.

Exclusively Listed By

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