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    1410 Allen Dr Troy, MI 48083

    Sponsored
    For Sale
    $6,100,000

    56,295 SF Manufacturing/Warehouse

    Property size:
    56,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 56,295 square foot Class B industrial property, located at 1410 Allen Dr, Troy, MI 48083, is available for $6,100,000 ($108.36/SF). Built in 1982 and renovated in 2014, this single-story building sits on a 2.62-acre lot and features 22-foot ceilings, 2 loading docks with 2 dock-high doors, and ample parking (2.06 spaces per 1,000 sq ft). The property is currently leased under a NNN (Net, Net, Net) agreement with a single tenant, Witzemann Tech Center USA, with a lease expiring August 30, 2024. The property boasts a 6.00% cap rate and offers significant potential for investors seeking a 1031 exchange opportunity due to the upcoming lease expiration. Its prime location off I-75 freeway provides easy access to major transportation routes, distribution hubs, and a thriving workforce. The building's robust infrastructure is well-suited for heavy-duty manufacturing and warehousing needs, with ample open floor space for customization. The surrounding area offers various amenities, including restaurants and retail centers. This exceptional opportunity presents itself to investors and industrial enterprises seeking a strategic location in a vibrant community.

    Property Features for 1410 Allen Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    56,295 SF
    Class
    B
    Lot Size
    114,127 SF

    Building Details

    Year Built/Renovated
    1982/2014
    Buildings
    1
    Stories
    1

    HighLights

    • 56,295 SF Class B industrial building in Troy, MI, available for $6,100,000 ($108.36/SF).
    • Built in 1982, renovated in 2014, situated on a 2.62‑acre lot with 22‑foot ceilings.
    • Features 2 loading docks with 2 dock‑high doors and ample parking (2.06 spaces per 1,000 SF).
    • Currently leased NNN to Witzemann Tech Center USA, lease expiring August 30, 2024; offers a 6.00% cap rate and 1031 exchange potential.
    • Prime I‑75 freeway location provides easy access to transportation, distribution hubs, and workforce.
    Property Profile Location Intelligence

    Current Use by Public Records

    Witzenmann USA Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.124846091318
    Latitude
    42.546388549577

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    FAQs

    What type of property is this?
    Distribution property - 56,295 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 1410 Allen Dr 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: 56,295 SF Class B industrial building in Troy, MI, available for $6,100,000 ($108.36/SF).; Built in 1982, renovated in 2014, situated on a 2.62-acre lot with 22-foot ceilings.; Features 2 loading docks with 2 dock-high doors and ample parking (2.06 spaces per 1,000 SF).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1410 Allen Dr Troy, MI 48083
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