Published on: Wednesday, June 18, 2025
Updated on: Wednesday, June 18, 2025
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About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
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Financing  Business  Material
  Portage, MI - Star Crane & Hoist
8722 Portage Industrial Drive Portage Michigan , 49024
8722 Portage Industrial Drive Portage Michigan , 49024  SRS Real State Partners
Listing ID: CL-Michigan-25682

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.33
Net Operating Income: $27,500.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Michigan-25682
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1969
Building Size: 2,768.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 6
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
All-Lift Systems, LLC (37+ Locations) Corporate signed lease. 2 years remaining with 2 (5-year) option periods to extend
Complete Details
Year Build: 1969
Building Size: 2,768 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 6
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Metal
Occupancy: 0%
Full Description

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

Location

  • 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
Additional Properties
Property Highlights
  • Corporate Signed Lease | Options To Extend | Long Operating History | Additional Billboard Income
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Meijer Anchored Center | Walmart Supercenter Anchored Center
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$0.00
$0.00
$0.00
$27,500.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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