6556 Whitmore Lake Rd - Distribution FOR SALE


Whitmore Lake, MI 48189
$4,300,000 USD
770-215-9108
6556 Whitmore Lake Rd, Whitmore Lake, MI for Sale
$4,300,000 USD
Distribution - FOR SALE
1/9
null | 8.49% Cap Rate

6556 Whitmore Lake Rd
Whitmore Lake, MI 48189


OVERVIEW

Industry Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building) in this net lease distribution and storage facility leased to Brickworks Supply, LLC in Lake Whitmore, MI. The tenant has 9 years remaining on the primary 10 year term with two 5-year options with 3% annual lease escalations throughout the life of the lease and options. This net lease deal is ideal for investors wanting a passive income stream with little minimal landlord responsibilities. Further, outdoor storage sites have a strong barrier to entry and limited supply, allowing the investor to acquire an industrial property with a coveted use. Strong tenant guarantee with 2023 revenue over $450M and parent company with a market capitalization over $2.5 billion. The US subsidiary has 8 manufacturing plants and 26 company operated distribution outlets.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$766 USD /SF

CAP RATE

8.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL | IOS - Distribution | Strong Guarantee

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Truck Terminal, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

35

LAND DETAILS

LAND ACRES

5.2

LAND SF

226,512

ZONING

LI - Light Industrial

APN/PARCEL ID

02-20-300-023

ASK ABOUT THIS PROPERTY

Wade CoxIndustry Real Estate Partners, LLCMore Info
770-215-9108

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Wade CoxIndustry Real Estate Partners, LLCMore Info
770-215-9108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.