Manufacturing Warehouse Near I-75
1410 ALLEN Drive Troy, MI 48083
1410 ALLEN Drive, Troy, MI, 48083
$6,100,000
For Sale
$6,100,000
Spacious 52,919 sq ft manufacturing warehouse in Troy, Michigan.
Property Size52,919 SF
Price / SF$115.27
Days on Market917
Property Features for 1410 ALLEN Drive
General Information
- Standard status
- Active
- Size
- 52,919 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1982
Listing Agency
Century 21 Curran & Oberski
(313) 274-7200
Listed by
Ali T Charara · License #6501340600
(313) 274-7200
Source
Exitrealty
Added: Jan 13, 2024 Checked: Jul 17 at 4:02 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
Located just off the I-75 freeway in Troy, Michigan, this manufacturing warehouse space offers potential for businesses seeking a prominent base. The building spans approximately 53,000 square feet and is currently occupied by Witzemann Tech Center USA, with their lease expiring in August. The building features a robust infrastructure suited for heavy-duty manufacturing and warehousing needs. Ample open floor space allows for customization and efficient workflow. Well-maintained pull-in loading docks and ample parking enhance logistical ease. The location provides efficient transportation links throughout the region, ensuring connections to major distribution hubs, suppliers, and customers. The surrounding area offers amenities, including nearby restaurants, retail centers, and business services. The local community and transport connections ensure convenience for both employees and clients. This manufacturing warehouse space presents an opportunity for investors, entrepreneurs, and industrial enterprises. The property size is 52,919 square feet.
Key Highlights
- Prime location directly off I‑75 freeway, providing excellent transportation access.
- Approximately 53,000 square feet of well‑maintained warehouse space.
- Existing tenant's lease expires in August, offering immediate opportunity for new ownership.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $389.0k | $7.35 |
| − Vacancy | −$14.4k | −$0.27 |
| EGI | $374.6k | $7.08 |
| − OpEx | −$56.2k | −$1.06 |
| NOI | $318.4k | $6.02 |
52,919 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.55M
$3.98M – $5.31M
NOI $318,379 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$3.75M
$3.28M – $4.37M
NOI $262,194 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$11.41M
$9.99M – $13.32M
NOI $798,992 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Witzenmann USA
Warehouse & Storage
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Spacious 52,919 sq ft manufacturing warehouse in Troy, Michigan.
Where is this manufacturing property located?
The property is located at 1410 ALLEN Drive Troy, MI.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: Prime location directly off I‑75 freeway, providing excellent transportation access.; Approximately 53,000 square feet of well‑maintained warehouse space.; Existing tenant's lease expires in August, offering immediate opportunity for new ownership.
