FOR SALE> 6 BUILDING INDUSTRIAL PORTFOLIO 148,586 SF
31995 Industrial Road | 31889 Industrial Road | 31601 Industrial Road | 31555 Industrial Road | 13551 Merriman Road | 13599 Merriman Road | Livonia, MI 48152
- 148,586 Square Feet
- For Sale
Well located, high quality, and predominately newer construction light industrial real estate portfolio.
Southeastern Michigan is the historic home of the U.S. automotive behemoths; Ford Motor Company, General Motors and Fiat Chrysler as well as their respective supplier base. The portfolio consists of Six (6) individual properties comprised of Light Industrial buildings. The portfolio is located along Industrial and Merriman Road in Livonia, Michigan. The portfolio consists of 148,586 square feet of net rentable area. Tenant demands for high quality construction in a well positioned location ensure low vacancy in the coming years and a high cash on cash return.
These assets offer potential investors the ability to acquire exceptional, institutional-grade suburban commercial real estate properties located in one of the strongest industrial submarkets of Southeastern Michigan. Some additional highlights include:
·Six fully leased Light Industrial buildings with high quality tenancy. 100% occupied
·Many strong credit-tenant profiles, including a multitude of major corporate identities such as Ingersoll-Rand, MSC Industrial Supply, and Bright House Network. Many of these tenants also have a deep and storied history of commitment to their respective properties, with one 25 year tenancy with original occupancy going as far back as 1990.
·Examples of tenancy commitment to the Portfolio:
·Amour-Eckrich Meats (formerly Con-Agra) for over 25 years since 1989— 31995 Industrial Road
·Ingersoll-Rand for over 15 years since 2001— 13551 Merriman Road
·GST Autoleather for over 10 years since 2006— 31601 Industrial Road
·Strong locations within minutes from corporate giants like the world headquarters of Fiat Chrysler, Ford Motor Company, Nissan and many other Fortune 500 companies.
·Well-positioned with frontages right off of a major Interstate: I-96. The portfolio is located in one of the most highly sought after submarkets of Southeastern Michigan; Livonia. Only a few miles north of Detroit Metro Airport.
·Ample Parking of 439 total spaces or approximately 2.95 spaces per 1,000 square feet.
Property Status: Occupied for Sale
Building Size: 148586 Square Feet
Area Available: 148,586 Square Feet
- Six (6) individual properties all single tenant occupied
- These assets offer potential investors the ability to acquire exceptional, institutional-grade suburban commercial real estate properties located in one of the strongest industrial submarkets of Southeastern Michigan
- Many strong credit-tenant profiles
- Well-positioned with frontages right off of a major Interstate: I-96
- Ample Parking of 439 total spaces or approximately 2.95 spaces per 1,000 square feet