13250-13320 Northend Avenue

Industrial for Sale
Catylist Listing ID: 7172849
Property Subtypes: Flex Space, Free-Standing, Other
Building Size (RSF): 78,478 SF
Gross Building Area: See Agent
Gross Land Area: 4.53 Acres
Sale Price: $3,997,297
Unit Price: $50.94 PSF
Ceiling: 18 ft. / 15 ft. Clear
Docks/Doors: 2 Docks
Office SF: 14,967 SF
Drive In Bays: 1 Bay
Property Use Type: Investment
Sale Terms: Other
Cap Rate: 9.4%
Last Updated: 7/26/2017

Overview / Comments

The prospective investment sale offering is a 78,478 square foot flex facility. Two tenants currently occupy the building which is located in Oak Park, Michigan. The asset is situated on Northend Avenue, in the heart of Oak Park's industrial corridor. VGAGE, a leading supplier of gaging systems for the World manufacturing market, recently signed a 5-year lease on 27,042 square feet at a rate of $5.10. Ringside Creative, an integrated media studio, which provides content for top ad agencies, is prepared to sign a 10-year lease on the remaining 51,436 square feet upon sale of the property at a rate of $7.25.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $81,307 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Oakland
Submarket/Township: Royal Oak Vicinity
Tax ID/APN: 52-25-32-152-032
Zoning: INDUSTRIAL
Property Located Between: East of Coolidge Highway
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1985
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 185
Overhead Cranes: Undisclosed
Amps: 10,000
Volts: 440
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Lighting: Fluorescent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,306 204,825 487,787
Median Age: 39.27 39.23 38.64
Households: 8,840 84,650 200,509
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