Troy Manufacturing Warehouse
1410 Allen Drive Troy, MI 48083
1410 Allen Drive, Troy, MI, 48083
Contact for pricing
For Sale
Contact for pricing
Spacious 52,919 sqft manufacturing warehouse in prime Troy location.
Property Size52,919 SF
Price / SF$115.27
Days on Market921
Property Features for 1410 Allen Drive
General Information
- Standard status
- Active
- Size
- 52,919 SF
- Property subtype
- Special Purpose
Listing agency
CENTURY 21 Curran & Oberski Dearborn Heights
Listed by
Ali T. Charara · License #MI
Source
Crexi
Added: Jan 13, 2024 Updated: Jul 6 at 7:53AM Checked: Jul 21 at 10:13AM
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 Dearborn Heights
Investment Insights
Based on property information with market context.
Located west of Stephenson Highway, this manufacturing warehouse space offers potential for businesses seeking a base in Troy, Michigan. The building spans approximately 53,000 square feet. Currently occupied by Witzemann Tech Center USA, the lease is 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 is positioned off the I-75 freeway, providing transportation links throughout the region and connections to major distribution hubs, suppliers, and customers. The surrounding area offers amenities, including nearby restaurants, retail centers, and business services. The property is located at 1410 Allen Dr. The property size is 52,919 square feet.
Key Highlights
- Prime location off I‑75 in Troy, Michigan, providing excellent transportation access.
- Substantial 53,000 sq ft warehouse space suitable for various industrial operations.
- Robust infrastructure designed for heavy‑duty manufacturing and warehousing.
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
Property Profile
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 sqft manufacturing warehouse in prime Troy location.
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 off I‑75 in Troy, Michigan, providing excellent transportation access.; Substantial 53,000 sq ft warehouse space suitable for various industrial operations.; Robust infrastructure designed for heavy‑duty manufacturing and warehousing.
