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    Troy Manufacturing Warehouse Opportunity Title is generated by Realmo AI

    1410 Allen Dr, Troy, MI 48083

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    Spacious 56,295 SF manufacturing warehouse near I-75 in Troy.

    Type:Industrial
    Property size:
    56,295 SF
    Price / SF:
    $108/SF
    Added:
    Jan 12, 2024
    Days on Market:
    906
    Last Refresh:
    Jun 25 at 11:14 pm

    Property Features for 1410 Allen Dr

    General Information

    Standard status
    Active
    Size
    56,295 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1982

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    Ali T. Charara
    Ali T. Charara

    Listing office CENTURY 21 Curran & Oberski Dearborn Heights

    Listing date Jan 12, 2024

    Source Crexi

    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

    HighLights

    • Prime location directly off I‑75 freeway, providing excellent transportation access.
    • Large 56,295 square foot manufacturing/warehouse space.
    • Existing tenant's lease expiring soon (August), offering immediate occupancy potential.
    • Well‑maintained building suitable for heavy‑duty manufacturing and warehousing.
    • Ample open floor space allowing for customization and efficient workflow.
    • Well‑maintained pull‑in loading docks and ample parking for logistical ease.

    Overview

    This 56,295 square foot manufacturing warehouse space is situated in a prime location just off the I-75 freeway in Troy, Michigan. The well-maintained building presents an opportunity for a variety of industrial operations. Currently occupied by Witzemann Tech Center USA, the spacious warehouse boasts a bustling environment. Their lease expires in August. The building features a robust infrastructure suited for heavy-duty manufacturing and warehousing needs. Ample open floor space affords possibilities for customization and efficient workflow. Well-maintained pull-in loading docks and ample parking enhance the logistical ease of operations. The location provides efficient transportation links throughout the region, ensuring connections to major distribution hubs, suppliers, and customers, allowing for streamlined supply chain management and quick access to markets. The surrounding area offers an array of amenities, including nearby restaurants, retail centers, and business services. The vibrant local community and excellent transport connections reinforce the building's connectivity.

    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 $413.8k $7.35
    − Vacancy −$15.3k −$0.27
    EGI $398.5k $7.08
    − OpEx −$59.8k −$1.06
    NOI $338.7k $6.02
    56,295 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $4.84M
    $4.23M – $5.64M (±1% cap)
    NOI $338,690 @ 7.0% cap · market cap 5.55%
    Second Best
    Industrial
    $3.98M
    $3.49M – $4.65M (±1% cap)
    NOI $278,921 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Specialty Retail
    $12.14M
    $10.62M – $14.17M (±1% cap)
    NOI $849,964 @ 7.0% cap · market cap 13.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Witzenmann USA Warehouse & Storage

    Suggested Use

    Restaurant Spa & Massage Center Bar & Pub Hair Salon Parking Lot & Garage Grocery & Convenience Store Grocery & Convenience Store Daycare Center Veterinary Clinic 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
    -83.1237459
    Latitude
    42.5461747

    FAQs

    What type of property is this?
    Manufacturing property - Spacious 56,295 SF manufacturing warehouse near I-75 in Troy.
    Where is this manufacturing 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: Prime location directly off I‑75 freeway, providing excellent transportation access.; Large 56,295 square foot manufacturing/warehouse space.; Existing tenant's lease expiring soon (August), offering immediate occupancy potential.
    (313) 274-7200 Call to check price and availability
    More about this property
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