Investment Property Sale

Industrial for Sale
Catylist Listing ID: 30148695
Property Subtypes: Manufacturing
Building Size (RSF): 52,839 SF
Gross Building Area: See Agent
Gross Land Area: 4.58 Acres
Sale Price: $3,000,000
Unit Price: $56.78 PSF
Ceiling: 18 ft.
Docks/Doors: 2 Docks
Drive In Bays: 1 Bay
Property Use Type: Investment
Sale Terms: Other
Average Occupancy Rate: 100
Last Updated: 8/24/2017

Overview / Comments

Bruce A. Morrison and Signature Associates are pleased to present a 52,839 sq. ft. heavy industrial building for sale. 100% leased to Martinrea Hot Stamping, Inc. Lease ends 8/31/20. NNN lease with annual increases. Renovated in 2010, heavy power, 100% air-conditioned.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $27,369 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 13-24-252-008
Zoning: HEAVY INDUSTRIAL
Property Located Between: Groesbeck Highway
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 52,839 SF
Year Built: 1950
Year Renovated: 2010
Roof Type: Other
Construction/Siding: Block
Parking Type: Surface
Parking Description: New
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Lighting: Metal Halide

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,091 182,284 452,784
Median Age: 37.36 37.83 38.02
Households: 6,687 72,533 176,627
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