Leased Industrial
For Sale
$2,725,000
1512 Woodland Dr E, Saline, MI 48176
Industrial asset with approximately seven years remaining on the lease and limited landlord obligations.
Property Size15,280 SF
Price / SF$178.34
Days on Market57
Property Features for 1512 Woodland Dr E
General Information
Standard status
Active
Size
15,280 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
15,280 SF
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Brandon Abdelnour · License #6501399909
Source:
Cpix.resimplifi
Added: Aug 11
Changed: Sep 8
Last Checked: Oct 5 at 3:11PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This industrial property encompasses 15,280 square feet and is subject to an existing lease with approximately 7 years remaining. The lease provides for 2% annual rent escalations and assigns limited responsibilities to the landlord, supporting a relatively simple operating structure.
The property is near Ann Arbor and the University of Michigan, with access to the regional workforce associated with those institutions. Connectivity is provided by nearby I-94 and US-23, linking the asset with Detroit, Detroit Metro Airport, and Midwest distribution routes.
The property is near Ann Arbor and the University of Michigan, with access to the regional workforce associated with those institutions. Connectivity is provided by nearby I-94 and US-23, linking the asset with Detroit, Detroit Metro Airport, and Midwest distribution routes.
Key Highlights
- 15,280‑square‑foot industrial property
- Approximately 7 years remaining on the lease
- Lease includes 2% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,829
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,836,580
$2.8M
Cap Rate 7%
$2,026,129
$2.0M
Cap Rate 9%
$1,575,878
$1.6M
Market Conditions
NOI Build-Up for 15,280 SF
Gross rent
$229.2K $15.00/SF
− Vacancy
−$26.6K −$1.74/SF
EGI
$202.6K $13.26/SF
− OpEx
−$60.8K −$3.98/SF
NOI
$141.8K $9.28/SF
Area
Washtenaw County, MI
Vacancy
11.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,836,580
Cap Rate 7%
$2,026,129
Cap Rate 9%
$1,575,878
Alternative Uses
Best Use
Industrial
$2.03M
$1.77M – $2.36M
NOI $141,829 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,279 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 48176, MI
22,833
Population
9,076
Households
2.5
Avg Household Size
44
Median Age
58%
College-Educated
96%
High-School Grad
70.8 sq mi
ZIP Area
323
Density / Sq Mi
$110,987
Median Household Income
$53,263
Median Earnings
$1,161
Median Rent
$384,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial asset with approximately seven years remaining on the lease and limited landlord obligations.
Where is this industrial property located?
The property is located at 1512 Woodland Dr E Saline, MI.
What is the asking price?
The asking price for this property is $2,725,000.
What are key features of this property?
This property features: 15,280‑square‑foot industrial property; Approximately 7 years remaining on the lease; Lease includes 2% annual rent escalations
