ABSOLUTE NET INDUSTRIAL w/ ANNUAL INCREASES

80,416 SF | Industrial Building | Commerce Township, MI 48390 | $6,732,563 ($84/SF) | 6.75% Cap Rate

Asking Price $6,732,563

Property Type: Industrial
Price / Square Foot: $84

Listing Contacts

Alvin Mansour

Verified Profile

Jon Talia

Verified Profile

Property Info

Property Overview

American Expedition Vehicles Manufacturing Facility | Situated in an Essential and Excellent Import & Export Location | Within Minutes from Major Freeways and Highways | Densely Populated & Affluent Area | Near General Motors Proving Ground | W/in one of the Wealthiest Counties in the Nation
Michigan Broker of Record: Steven Chaben | License: 6502387903

Property Details

Class: B
Year Built/Renovated: 1996/2013
Stories: 1
Property Subtype: Manufacturing, Freestanding, Storefront, Service
Lot Size (sq. ft): 635,976 SF

Highlights

Long Term Absolute Net Lease (Zero Landlord Obligations) - Favorable 2.5% Annual Increases Throughout the Initial Term and Options. Location Utilized
Positioned Along Area’s Major Industrial & Manufacturing Corridor. Features Easy Access & Excellent Visibility. Located within Minutes from M-5, which
Densely Populated and Affluent Area: Features an Average Household Income of $109k+ and more than 124k People Residing within a 5-Mile Radius.
This Location is Essential to AEV’s Day-to-Day Operations, and its Close Proximity to Supply Hubs, Distribution Bases, and Customer Markets is very Cr
In Close Proximity to General Motors Proving Ground Milford - covers 4k Acres and 4,800 Staff work in its 142 Buildings. General Motors is the Largest
Commerce Township is located within Oakland County, one of the Top 5 Wealthiest Counties in the Country, which is located Approximately 30 miles North

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