5815 E Executive Dr - Manufacturing FOR SALE
Westland, MI 48185 |
$3,250,000 USD
248-921-6730
5815 E Executive Dr
Westland, MI 48185
HIGHLIGHTS
- The Property is currently 100% occupied with an operating NOI of $259,926 providing an investor stable cash flow throughout the lease terms.
- : Each tenant has annual rental escalations throughout their primary lease term.
- The weighted average increase for both tenants is 3.25% annually throughout the course of their term.
- The Investment provides minimal landlord responsibility to an investor. Both leases are NNN leases, which encapsulate a true passive investment.
- Tenant is responsible to self maintain all facets of common area maintenance.
- The Property is strategically positioned in the heart of the industrial corridor in Westland. Neighboring cities include; Canton, Plymouth and Livonia
OVERVIEW
AQRE Advisors is pleased to present the sale of the ±31,627 SF multi-tenant Industrial Building is located at 5815-5859 E. Executive Dr. Westland, MI 48185 (“Property”). The Property is situated on 2.61 acres of land and is 100% occupied by two tier-one automotive supplier tenants.
The building is located approximately 0.5 miles away from Interstate 275, one of the most traveled thoroughfares in the state of Michigan which sees approximately 112,000 vehicles per day.
FOR SALE DETAILS
PRICE
$3,250,000 USD
PRICE/SF
$103 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
3
PARKING SPACES
18
LAND DETAILS
LAND ACRES
2.61
LAND SF
113,692
ZONING
LI-1
APN/PARCEL ID
56-028-04-0040-301
ASK ABOUT THIS PROPERTY
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248-921-6730
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248-921-6730
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