Five Property Portfolio Sale

Industrial for Sale
Catylist Listing ID: 1876953
Building Size (RSF): 271,379 SF
Gross Building Area: See Agent
Gross Land Area: 0.01 Acres
Sale Price: $17,000,000
Unit Price: $62.64 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 9/25/2017

Overview / Comments

Bruce A. Morrison and Signature Associates are pleased to present a 271,379 sq. ft. class "A" research & development portfolio - 1919, 1920, 1950, 1990 Concept Drive and 25531 Dequindre. 4.5 acres surplus land. 80% occupancy. 50% of the campus is leased to MSX International and serves as its world headquarters. Value add opportunity.Tax information: 0

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $47,380 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: Unknown
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Parking Type: Surface
Overhead Cranes: Undisclosed

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,849 161,493 447,014
Median Age: 40.16 37.53 37.96
Households: 5,768 67,826 182,383
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