Two-Building Industrial
New
For Sale
$1,250,000
29235 Lorie Lane, Wixom, MI 48393
Fully leased light industrial assets with highway access and flexible acquisition options.
Property Size4,400 SF
Lot Size1.67 Acres
Price / SF$284.09
Days on Market5
Property Features for 29235 Lorie Lane
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
11
Lot size
1.67 Acres
Property subtype
Industrial
Zoning
M-1, Light Industrial
Occupancy
100%
Net Operating Income
$257,358
Financials
Asking Price
$3,550,000
Cap Rate
7.25%
Additional Details
Highway Access
Yes
Building Details
Building Size
4,400 SF
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
KJ Commercial
(248) 931-1980
Listed By:
Kevin Jappaya
(248) 931-1980
Source:
Cpix.resimplifi
Added: Aug 7
Changed: Aug 10
Last Checked: Aug 11 at 4:46AM
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 KJ Commercial
Investment Insights
Based on property information with market context.
This industrial portfolio comprises two buildings in Wixom totaling 15,624 SF on approximately 1.67 acres. The properties are zoned M-1, Light Industrial, and are fully leased to Pace Analytical Life Sciences, LLC. The tenant renewed early, providing a documented lease continuation within the existing occupancy profile.
The assets offer access to I-96 and other major highways. Buyers may acquire the buildings together or separately, creating flexibility in transaction structure. Combined performance includes a 7.25% cap rate and $257,358 in NOI. The property is located at 29235 Lorie Lane in Wixom, Michigan.
The assets offer access to I-96 and other major highways. Buyers may acquire the buildings together or separately, creating flexibility in transaction structure. Combined performance includes a 7.25% cap rate and $257,358 in NOI. The property is located at 29235 Lorie Lane in Wixom, Michigan.
Key Highlights
- Two Wixom industrial buildings totaling 15,624 SF
- Approximately 1.67 acres zoned M‑1, Light Industrial
- 100% leased to Pace Analytical Life Sciences, LLC
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 48393, MI
20,257
Population
9,847
Households
2.1
Avg Household Size
36
Median Age
43%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,489
Density / Sq Mi
$67,194
Median Household Income
$44,862
Median Earnings
$975
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Fully leased light industrial assets with highway access and flexible acquisition options.
Where is this industrial property located?
The property is located at 29235 Lorie Lane Wixom, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two Wixom industrial buildings totaling 15,624 SF; Approximately 1.67 acres zoned M‑1, Light Industrial; 100% leased to Pace Analytical Life Sciences, LLC
