4410 13Th St Wyandotte, MI 48192
- Manufacturing properties
- 17,020 SF
- 1.69 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 4410 13Th St
- Year built
- 1965
- Lot size
- 1.69 lot acres
- Property size
- 17,020 SF
- Property type
- Manufacturing properties
- APN
- 57 022 10 0007 300
- APU
- 57022100007300
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wyandotte
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1693
- Latitude
- 42.1885
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
