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22325 Roethel Dr
Novi, MI 48375

$2,677,013 USD

Light Distribution For Sale  •  15,957 SF

Property Details

  • Property Type Light Distribution
  • Total Building Size 15,957 SF
  • Lot Size 2.18 AC
  • Building Class B
  • Year Built 1997
  • Cap Rate 7.40 %
  • Tenancy Single
  • Zoning L-1
0 Transit Score
28 Walk Score

Highlights

2024 lease extension demonstrated commitment to the site
Signi?cant 3.5% annual rental escalations
Everon is a standalone company owned by GTCR, a 40+ year old investment ?rm that manages approximately $50 billion of equity
Affluent area - $167,000+ average household income within three miles
Minutes from Interstate 96 (170,000 vehicles per day)
Large 2.18-acre lot

Property Flyers

Cap Rate: 7.40 %

Major Tenants

Tenant SF Occupied Lease End Date
Everon 9/30/2031

Public Transportation

AirportDriveWalkDistance
Detroit Metro Wayne County 37 min - 25.9 mi
Windsor International 60 min - 38.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 44
Type: Surface
Included in Rent: Yes
Randy Blankstein 847-562-0003 The Boulder Group
Randy Blankstein 847-562-0003 The Boulder Group