Industrial Spotlight 2016 FINAL 10.13.16

West Michigan Industrial Spotlight

2016/2017

Wisinski ofWest Michigan

Personalized service & collaborative teamwork.

Why NAI?

Your business is our business. Personalized service and collaborative teamwork form the core of our philosophy. We provide custom solutions focused on your business objectives, taking a fiduciary position with your asset to maximize value at each point of the process.

We will listen, take a holistic view of your business, and apply our commercial knowledge to maximize potential, guide yourinvestment, and add value. When appropriate, we are eager to push the boundaries and do things differently, as our singular purpose is to achieve better outcomes for our clients. We are local and we are global. Our diversified platform spans from Grand Rapids across North and South America and the Caribbean, Europe, the Middle East, Africa, and in the Asia Pacific region.

With our careful selection of seasoned professionals who are deeply rooted in their markets, we have developed our business to support yours over the long-term. And as you look at growth markets, so do we—with more offices globally than any othercommercial real estate firm. We are actively expanding in strategic locations so we can help you stay ahead of your competition.

In the spring of 2011, two successful and reputable companies, The Wisinski Group and NAI West Michigan merged. The merger represents collaboration, rich traditions, innovative technologies, unique cultures and diversity of skills and specialties which ultimately benefit our clients. We’re going back to our fundamentals, strengthening our core, and becoming stronger in the services we provide our cli-ents. Our focus is simple, building client relationships for life by offering market appropriate advice and then executing. Our success is a direct result of its unwavering commitment to providing the best pos-sible service to each and every client. Our Brokers, with their 590 plus years of combined experience (22 years average), possess the knowledge and expertise to manage the most complex transactions in industrial, office, retail, and multi-family specialities throughout West Michigan.

Trusted to do what we say we will do.

Serving West and Southwest Michigan with offices in Grand Rapids and Kalamazoo

Kurt Kunst, SIOR, CCIM 616 242 [email protected]

Jeremy Veenstra616 242 [email protected]

David Smies, CCIM, SIOR

Doug Taatjes, CCIM, SIOR616 292 [email protected]

Chris Prins616 242 [email protected]

Kara Schroer 269 459 0435

Chadwick Versluis, SIOR616 242 [email protected]

Industrial SpecialistsJim Badaluco, SIOR616 450 [email protected]

Dane Davis269 459 [email protected]

Stuart Kingma, SIOR616 575 [email protected]

Cameron Timmer616 485 [email protected]

Marc Tourangeau, MBA269 207 [email protected]

Stanley Wisinski III, SIOR, CCIM616 575 7015

Local Knowledge. Global Reach.Achieve More.

Meet Our Industrial Team

840 Ottawa Ave. NWSALE: 13,600 SF

Stu Kingma, SIOR

4600 W. Dickman Rd.Battle CreekLEASE: 116,000-158,066 SF

Kara Schroer, Dane Davis, Chris Prins

3720 West River Dr. LEASE: 2,000 SF

Kurt Kunst, CCIM, SIOR

Available NAI Wisinski Industrial Properties (For a complete list, visit naiwwm.com)

8300 Logistic Dr.SALE/LEASE: 12,855 SF

Stu Kingma, SIOR

3011 Mill Iron Rd. SLEASE: 6,850-12,650 SF

Stu Kingma, SIOR

9444-9446 S. Greenville Rd.,GreenvilleSALE: 11,680 SFLEASE: 5,840-11,680 SF

Jeremy Veenstra

533 32nd St. SE SALE: 3,200 SF

Stu Kingma, SIOR

2630 Prairie St. SW LEASE: 28,000 SF

Chadwick Versluis, SIOR

3601 Lake St., KalamazooLEASE: 17,268 SF

Marc Tourangeau, MBA

1354 King Hwy, Suite: 1354Kalamazoo LEASE: 6,900 SF

Jeremy Veenstra

2044 Peck St., MuskegonSALE: 22,293 SF


Pentatech Industrial ParkZeeland SALE: 2.80-6.55 ACRES

Stu Kingma, SIOR

7357 Expressway Ct. SW Suite ALEASE: 30,000 SF

Stu Kingma, SIOR

5205 W. River Dr. NESALE: 2.01 ACRES


7974-86 Clyde Park Ave. SWLEASE: 1,800-3,600 SF

Jeremy Veenstra

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3765 Broadmoor Ave. SE LEASE: 4,416-4,816 SF

Doug Taatjes, CCIM, SIOR

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320 Hall St. SW, Suite ALEASE: 90,000 SF

Kurt Kunst, CCIM, SIORStu Kingma, SIOR

5599 Amy School Rd. SALE/LEASE: 27,226 SF


311 28th St. SESALE: 8,486 SF

Stu Kingma, SIOR

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14385 8th Ave., Suite BLEASE: 2,400 SF


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5830 Clyde Park Ave. SWSALE: 9.79 ACRES

Stu Kingma, SIOR

4592 40th St. SE LEASE: 10,000 SF

Dave Smies, CCIM, SIOR

10421 Northland Dr. NESALE: 26,304 SF

Stu Kingma, SIOR

3085 Walkent Dr. NWSALE: 19,824 SF

Kurt Kunst, CCIM, SIORStan Wisinski, CCIM, SIOR

2385 Walker Ave. NWLEASE: 11,990 SF

Chadwick Verluis, SIOR

300 & 301 36th St. SW SALE: 20-79.96 ACRES

Stu Kingma, SIOR

4412 Coloma Rd.,ColomaLEASE: 114,050-423,230 SF

Stan Wisinski, CCIM, SIOR Dane Davis, Kara Schroer

500 & 532 Grandville Ave. SWSALE: 41,302 SF

Stu Kingma, SIOR

3141 Chicago Dr. SWSALE: 10,200 SF


3956 3 Mile Rd. SALE: 2.13 ACRES

Chadwick Verluis, SIOR

5960 S. Sprinkle Rd., PortageLEASE: 9,200-20,000 SFSALE: 24,200 SF

Dane DavisKara Schroer

530 32nd St. SESALE: 9,114 SF

Stu Kingma, SIOR

828 Duo Tang Rd., Paw PawLEASE: 2,100-65,030 SF


421 E. Elm St.SALE/LEASE: 22,330 SF

Stu Kingma, SIOR

3378 3 Mile Rd. NWSALE/LEASE: 104,864 SF

Stu Kingma, SIOR

19342 Lake Montcalm Rd. SALE/LEASE: 48,300 SF


220 Aylworth Ave.South HavenSALE: 84,900 SF

Dane Davis, Kara Schroer

606.5 N Main St. SALE: 5,250 SF


4755 Campus Drive,Kalamazoo SALE: 4.3 ACRES


1525 Townline Rd.,Benton Harbor SALE/LEASE: 4,800-46,405 SF

Kara SchroerDane Davis

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1611 N. Grand River Ave. SALE: 116,122 SF

Russ Bono

2710 Northridge Dr. NWLEASE: 52,500-78,750 SF

Stu Kingma, SIOR

4710 44th St. SE LEASE: 44,630 SF

Kurt Kunst, CCIM, SIORDoug Taatjes, CCIM, SIOR

6949 Broadmoor Ave. SESALE: 31.32 ACRES

Cameron Timmer

1761 Airport Ct. LEASE: 51,998 -123,348 SFSALE: 123,348 SF

Stu Kingma, SIOR

Available NAI Wisinski Industrial Properties (For a complete list, visit naiwwm.com)

3729 Patterson Ave. SE Suite 2LEASE: 64,600 SF


3175, 3131 & 3140 Union Ave. SE and 535 32nd St. SE SALE: 58,679 SF

Stu Kingma, SIOR

68028 US-131, White Pigeon SALE: 10,000 SF


2103, 2121, 1977 & 1973 Alpine Ave. NWSALE: 22 ACRESLEASE: 713 SFChadwick Versluis, SIOR

900 Brooks Ave. LEASE: 35,000-75,950 SF

Stu Kingma, SIOR

4700 Garfield St. SALE: 53.73 ACRES

Cameron Timmer

1860 Alpine Ave. NWSALE: 115,691 SF

Stu Kingma, SIOR

1286 Pipestone Rd.,Benton Harbor LEASE: 11,712 SF

Joshua Jacobs

921 W. Western Ave. SALE: 16,000 SF

Dick Jasinski

529 32nd St. SESALE: 21,864 SF

Stu Kingma, SIOR

922 N. M-37, HastingsSALE: 41,795


13617 Woodlawn Hills Dr.SALE: 12.03 ACRES


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2547 3 Mile Rd. NW LEASE: 37,500-117,500 SF

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10451 Northland Dr. NESALE: 36,000 SF

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1370 142nd Ave., DorrSALE: 10 ACRES

Stu Kingma, SIOR

4380 40th St. SE, Suite DLEASE: 5,355 SF



Stu Kingma, SIOR

725 Taylor Ave. LEASE: 1,600-14,000 SF

Stu Kingma, SIOR

445 & 455 32nd St. SESALE: 7,236 SF

Stu Kingma, SIOR

5565 Broadmoor Ave. SELEASE: 30,000-200,000 SF

Stu Kingma, SIOR

5737 & 5795 60th St. SE5880,5950 & 5980 Kraft Ave. SESALE: 27.56 ACRES

Stu Kingma, SIOR

1058 Scribner Ave. NWSALE/LEASE: 8,250 SF


4440 44th St. SE Suites C & DLEASE: 95,000 SF

Stu Kingma, SIOR

101 Poplar St., Dowagiac SALE: 88,626 SF

Dane DavisKara Schroer

81 124th Ave., Shelbyville SALE: 25,524 SF on 6.26 ACRES

Jason Makowski

142nd Ave. At US-131SALE: 96.45 ACRES

Stu Kingma, SIOR

5282 East Paris Ave. SESALE: 20,677 SF

Stu Kingma, SIOR

700 Hatfield Ave.KalamazooLEASE: 1,357-2,927 SF

Kara Schroer Marc Tourangeau, MBA

5920 Clyde Park Ave. SWSALE: 7.75 ACRES

Jeremy Veenstra

5724 East N Avenue, Kalamazoo (West Parcel)SALE: +/- 107 ACRES


208 S. Lincoln Ave. SALE: 23,240 SF

Dick Jasinski

Airport & Enterprise Industrial Parks, Three Rivers SALE: 6.5-110.4 ACRES

Kara SchroerDane Davis

7740 Clyde Park Ave. SWLEASE: 4,600 SF

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331 Ann St. NWSALE: 8.45 ACRES

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West MichiganIndustrial Submarket Statistics

Methodology: All Industrial building types are included, including warehouse, flex/research development, distribution, manufacturing, industrial showroom, and service buildings, in both single-tenant and multi-tenant buildings, including owner-occupied buildings.

* The information contained herein has been given to us by sources we deem reliable. We have no reason to doubt its accuracy, however, we do not make any guarantees. All information should be verified before relying thereon.

* Source: NAI Wisinski of West MI, CoStar Property®, & U.S. Bureau of Labor Statistics

To see our full Quarterly Market Reports, please visit our website naiwwm.com

2016 Q3 Snapshot Submarket Total RBA Vacant

Available SF

Vacancy Rate

Total AverageNNN Rate ($/SF/

Yr)

Total Net Absorption

(SF)LakeshoreWarehouse 9,793,128 147,833 1.5% $4.22 44,751Manufacturing 24,196,695 766,978 3.2% $2.40 42,732Hightech Flex 1,002,287 3,093 0.3% $6.07 5,000Total 34,992,110 917,904 2.6% $3.01 92,483NortheastWarehouse 4,859.792 59,590 1.2% $4.04 6

Manufacturing 7,159,112 327,905 4.6% $2.63 15,648Hightech Flex 565,606 3,690 0.7% $5.31 -3,690Total 12,584,510 391,185 3.1% $3.29 11,964NorthwestWarehouse 4,429,108 185,115 4.2% $3.42 45,504Manufacturing 12,751,134 364,415 2.9% $3.22 1,390Hightech Flex 1,208,188 - - $7.25 -Total 18,388,430 549,530 3.0% $3.53 46,894SoutheastWarehouse 21,904,910 537,954 2.5% $3.43 110,849Manufacturing 26,017,047 817,446 3.1% $4.05 171,991

Hightech Flex 3,038,832 160,862 5.3% $5.59 -36,971Total 50,960,789 1,516,262 3.0% $3.88 245,869SouthwestWarehouse 8,017,889 71,690 0.9% $2.94 5,858Manufacturing 21,954,488 174,713 0.8% $3.60 39,427Hightech Flex 763,400 18,680 2.4% $6.99 7,193Total 30,735,777 265,083 0.8% $3.51 52,478

Total Overall 147,661,616 3,639,962 2.50% $3.50 228,405

22 2 2

-100,000150,000400,000650,000

2014Q1 2014Q2 2014Q32 014Q42 015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q22 016Q3

RBA Delivered Warehouse RBA Delivered Manufacturing

RBA Delivered Hightech Flex

222

0.00%2.00%4.00%6.00%8.00%

2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016 Q22 016Q3

Vacancy Rate

Vacancy Rates- Warehouse Vacancy Rates- Manufacturing Vacancy Rates- Hightech Flex

2

02468

2013Q3 2013Q4 2014Q12 014Q2 2014Q32 014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q12 016Q22 016Q3

Triple Net Rental Rates

Triple Net Rental Rates- Warehouse Triple Net Rental Rates- Manufacturing Triple Net Rental Rates- Hightech Flex

2222

Property Management Our Values and Principles:

As an Accredited Management Organization® (AMO®) firm that has the expertise to manage your investment at the highest level of efficiency, NAI Wisinski of West Michigan would be a valuable asset to your investment. Our property management services are tailored to meet each owner’s individual goals, and designed to maximize the value of your property assets.

We devise and implement a plan that maximizes cash flow and return on your investment, ultimately creating additional value for you. This goal may seem obvious, but it is a challenge for investors everywhere. NAI Wisinski of West Michigan property managers begin with the fundamentals of property management, then think well beyond the obvious to deliver innovative and actionable solutions for your assets.

NAI Wisinski of West Michigan Benefits:

1. NAI Wisinski of West Michigan’s management team thinks like owners when making recommendations for our clients.

2. Our staff utilizes the latest technology tools to deliver the highest level of productivity and efficiency to our clients.

3. We understand that great property management goes beyond day-to-day tasks to truly support leasing efforts on a daily basis.

4. Quick response including diverse layers of valuable opinions and expertise from local corporate support and oversight team.

5. Integration with brokerage, marketing and research teams brings a deep well of market intelligence, creativity and brainstorming capacity, offering supportive and unique programs and resources.

Trust NAI Wisinski of West Michigan with your property management needs.

You will not be disappointed!

Our Values and Principles:Tax Appeal Specialist

Steve Johnson is a tax appeal specialist with GSA Property Tax Consultants and is affiliated with NAI Wisinski of West Michigan. GSA has been successfully appealing property taxes in Michigan for over 25 years. They have demonstrated superior market knowledge and aggressive negotiating techniques. Their staff consists of Michigan State certified Assessors, Personal Property Tax Examiners, Auditors, and a legal staff well versed in property tax law, municipal tax appeals, and all stages of Michigan Tax Tribunal and State Tax Commission procedures. As a result, their efforts have produced exceptional outcomes by saving millions of dollars in taxes for our clients.

Have your property reviewed to determine if a case can be built in your favor to lower your property taxes!

Fun Facts •Investment Properties: even if the property is 100% leased, there still may be a basis for an appeal.

•Owner Occupied Properties: many have not been evaluated and are currently over assessed.

Specialties Commercial PropertiesIndustrial PropertiesApartment ComplexesOffice BuildingsRetail PropertiesBusiness Personal PropertyProperty Tax ResearchFair and Equitable ResultsLitigation Support

Steve JohnsonTax Appeal Specialist

(616) 710 [email protected]

Commercial Real Estate Services, Worldwide.

Wisinski ofWest Michigan

facebook.com/naiwwm

@naiwwm

nai-wisinski-of-west-michigan

Industrial Office

Industrial

Land

Investment

Property Management

Multi-Family

Tax Appeal

Available Industrial Services

• Product Representation

• Site Search

• Build-to-Suit

• Financial Analysis of Alternatives

• Fair Market Value Analysis

• Retrofit Expansion/Expansion Division of Existing Building

100 Grandville Ave SW Suite 100Grand Rapids, MI 49503616. 776. 0100 www.naiwwm.com

Industrial Spotlight 2016 FINAL 10.13.16

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Transcript of Industrial Spotlight 2016 FINAL 10.13.16