Property summary
This exceptional investment opportunity presents a 35,600-square-foot warehouse located at 350 Hubbard St, Mt. Clemens, MI 48043. The property, built in 1963, sits on a 1.18-acre lot and is currently 100% occupied by Sequoia Tool Inc. under a month-to-month lease at a rate of $12,311.66 NNN. The single-story Class B building features 20-foot ceilings, three 12'x14' grade-level loading docks, a double interior truckwell, and ample parking/storage within a fenced lot. The warehouse boasts 480 Volt/1000 Amp power, buss duct, and radiant heat. Included in the 35,600 square feet is 4,200 square feet of office space and a 1,100 square foot breakroom/mezzanine. The property is fully sprinklered and zoned for light industrial use within a Hub Zone, offering convenient access to major thoroughfares, including Hall Road (M-59) and I-94. The asking price is $1,999,000, translating to $56.15 per square foot. This is a core investment with a single tenant and strong potential for future growth. The APN is 05-11-10-426-019.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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Zoning
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