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4410 13Th St Wyandotte, MI 48192

Sponsored
For Sale
$1,550,000

17,020 SF Manufacturing/Warehouse, 8.25% Cap Rate

Property size:
17,020 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 17,020-square-foot industrial property located at 4410 13th St, Wyandotte, Michigan, 48192. The property, situated on 3.34 acres, is currently 100% occupied by a well-established metal fabrication and engineering company with a 30+ year operating history at this location. A new 10-year absolute triple-net (NNN) leaseback is in place at closing, offering zero landlord responsibilities. The lease includes a 10% rent bump in year six and 1.5% annual increases throughout the primary term. The tenant boasts a strong client base including major automotive manufacturers (Ford, Toyota, GM) and government agencies (US Army, Navy, Air Force). Significant capital expenditures were made within the last three years, encompassing both interior and exterior improvements. The building features a 22-foot ceiling height. The asking price is $1,550,000, representing a price per square foot of $91.07 and an 8.25% capitalization rate based on a net operating income (NOI) of $130,000. This sale-leaseback provides a secure, long-term income stream with minimal management requirements. The tenant's financial stability and long-term commitment make this a compelling investment opportunity in a prime industrial location.

Property Features for 4410 13Th St

General Information

Property type
Distribution properties
Square Feet
17,020 SF
Lot Size
145,490 SF

HighLights

  • $1,550,000 asking price for a 17,020 SF industrial property in Wyandotte, MI.
  • 10‑year absolute NNN sale‑leaseback with zero landlord responsibilities at closing.
  • 1.5% annual rent increases throughout the primary lease term and options, with a 10% bump in year 6.
  • Established tenant (30+ years) operating a premier metal fabrication and engineering company.
  • Strong tenant sales supported by major clients including Ford, Toyota, GM, and various government agencies.
  • Significant capital improvements completed within the last three years.
Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wyandotte
County
Wayne
State
Michigan
Longitude
-83.1691838
Latitude
42.1886078

FAQs

What type of property is this?
Distribution property - 17,020 SF Manufacturing/Warehouse, 8.25% Cap Rate
Where is this distribution property located?
The property is located at 4410 13Th St Wyandotte, MI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: $1,550,000 asking price for a 17,020 SF industrial property in Wyandotte, MI.; 10-year absolute NNN sale-leaseback with zero landlord responsibilities at closing.; 1.5% annual rent increases throughout the primary lease term and options, with a 10% bump in year 6.
More about this property
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