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CBRE|MARTIN LISTS INDUSTRIAL PROPERTY ON CEDAR STREET IN HOLT

Tuesday, September 29, 2015   (0 Comments)
Posted by: Michelle Rahl
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 FOR IMMEDIATE RELEASE

Contact:

Tricia Foster, CPM®, ACoM®

Senior Managing Director &

Chief Operating Officer

T +1 517 351 2200

tricia.foster@cbre-martin.com

Julie O’Brien

Senior Associate & Industrial Advisor

T +1 517-319-9215

julie.obrien@cbre-martin.com

Christopher Miller

Associate & Industrial Advisor

T +1 517-319-9244

christopher.miller@cbre-martin.com

EAST LANSING, MI – Sept. 29, 2015 – CBRE|Martin is pleased to announce the listing of 1845 Cedar St. in Holt, Mich., located just south of Holt Road on the west side of the road.

The owner of the 118,752 SF industrial property that sits on 14.5 acres is K&K Properties, LLC. This mixed-use property consists of 99,960 SF of warehouse space attached to 18,792 SF of finished office space with a separate entrance. The setting is ideal for a user needing corporate office space with room for expansion. The property is well-maintained, fully secured and includes heavy power capabilities, loading docks, multi-grade level doors, a fully operable sprinkler system and 160 parking spaces on an asphalt lot. The property is conveniently located less than three miles south of the US-127/Holt Road exit and three miles north of the US-127/Cedar Street exit.

“The Holt property is ideally sized for a Tier 2 or Tier 3 automotive supplier. It’s located just 12.5 miles from General Motors’ Delta Township Assembly Plant and 12 miles from the Lansing Grand River Plant. I’ve made substantial improvements to the property over the last few years including aesthetics, like repainting, replacing the exterior facial work and sheet metal, upgrading the HVAC and roof and replacing the asphalt,” said Brant Krauss, owner of K&K Properties, LLC.

CBRE|Martin Senior Associate and Industrial Advisor, Julie O’Brien and Associate and Industrial Advisor, Christopher Miller are representing the seller in the transaction. The property is available for sale through CBRE|Martin. Currently this property is single tenant occupied through Sept. 30, 2016 with a potential lease renewal through Sept. 30, 2018.

For more information about the property, you may contact Julie O’Brien at (517) 319-9215 or Julie.obrien@cbre-martin.com.

About CBRE|Martin

CBRE|Martin is a CBRE affiliate office serving Mid-Michigan. CBRE|Martin offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; and research and consulting. Please visit our website at cbrelansing.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at cbre.com.


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