4410 13Th St Wyandotte, MI 48192
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17,020 SF Manufacturing/Warehouse, 8.25% Cap Rate
Property size:
17,020 SFProperty Features for 4410 13Th St
General Information
- Property type
- Distribution centers
- Square Feet
- 17,020 SF
- Lot Size
- 145,490 SF
Listing Agency: AQRE Advisors Listing Agent: Jon Kouza
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Wyandotte
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1691838
- Latitude
- 42.1886078
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FAQs
What type of property is this?
Distribution center - 17,020 SF Manufacturing/Warehouse, 8.25% Cap Rate
Where is this distribution center 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.
