Description

Traverse City - MLS# 1948209
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.