Multi-Tenant Industrial Office
For Sale
Contact for pricing
7845 Middlebelt Rd., Romulus, MI 48174
Industrial building with two second-floor office suites and 90%+ occupancy from two established tenants.
Property Size84,213 SF
Days on Market145
Property Features for 7845 Middlebelt Rd.
General Information
Standard status
Active
Size
84,213 SF
Property subtype
Industrial
Additional Details
Office Units
2
Building Details
Year Built
1980
Stories
2
Tenancy
Multi
Listing Agency:
Fortis Net Lease
Listed By:
Bill O'Connor · License #MI
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 5:07PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Fee simple interest is available in an 84,213-square-foot industrial building built in 1980, with approximately 7,989 square feet of second-floor office space divided into two suites available for lease. The property is currently over 90% occupied by two tenants.
Argonaut Kennedy LLC occupies 2,300 square feet and is on a Modified Gross (MG) lease paying electric and gas; that lease expires in December 2019. Penn Engineering & Manufacturing Corp. occupies 73,924 square feet and is on a Modified Net (MN) lease covering CAM and reimbursing taxes, and also contributes $37.50 per month toward insurance; their lease expires in August 2023.
The building is located approximately three miles northeast of the Detroit Metropolitan Wayne County Airport and about twenty miles southwest of Downtown Detroit. The asset is being offered free and clear of existing debt.
Argonaut Kennedy LLC occupies 2,300 square feet and is on a Modified Gross (MG) lease paying electric and gas; that lease expires in December 2019. Penn Engineering & Manufacturing Corp. occupies 73,924 square feet and is on a Modified Net (MN) lease covering CAM and reimbursing taxes, and also contributes $37.50 per month toward insurance; their lease expires in August 2023.
The building is located approximately three miles northeast of the Detroit Metropolitan Wayne County Airport and about twenty miles southwest of Downtown Detroit. The asset is being offered free and clear of existing debt.
Key Highlights
- 84,213 SF industrial building with approximately 7,989 SF second‑floor office space in two suites
- Built in 1980; currently over 90% occupied by two tenants
- Argonaut Kennedy LLC tenant since 2011 (2,300 SF) on Modified Gross (MG) lease; lease expiring December 2019
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Industrial building with two second-floor office suites and 90%+ occupancy from two established tenants.
Where is this office units located?
The property is located at 7845 Middlebelt Rd. Romulus, MI.
What are key features of this property?
This property features: 84,213 SF industrial building with approximately 7,989 SF second‑floor office space in two suites; Built in 1980; currently over 90% occupied by two tenants; Argonaut Kennedy LLC tenant since 2011 (2,300 SF) on Modified Gross (MG) lease; lease expiring December 2019
