FOR SALE > INDUSTRIAL BUILDING 116,250 SF | STERLING HEIGHTS
42555 Merrill Road | Sterling Heights, MI 48314
- 116,250 Square Feet
- For Sale
This asset offers potential investors an opportunity to acquire a high end, recently leased building in one of the strongest industrial submarkets in the Midwest. Built in 1978, the property underwent a 48,250 SF expansion in 2006. The original 68,000 SF portion of the building has 18 foot clearance while the expanded portion offers 26 foot clearance. The tenant, SAS Automotive, is a joint venture between Faurecia and Continental. The company is focused on developing and manufacturing first class auto cockpits. SAS Automotive commenced a new seven year lease beginning January 1, 2017. The lease is triple net.
Property Status: Occupied
Building Size: 116250 Square Feet
Area Available: 116,250 Square Feet
TBD By Market
3 Total - 12’w x 14’h
7.5 Ton Crane with 11’6” Underhook
15 year Warranty expiring 2021
Overlay completed in 2007, 15 year warranty expiring 2022
GROSS SITE AREA
- Situated in the “West of Van Dyke/Macomb” submarket
- the submarket is currently experiencing the lowest vacancy rate in the region’s history at less than 1%.