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30550 Eight Mile Rd
Farmington Hills, MI 48336 Farmington

$5,361,000 USD

Warehouse For Sale  •  26,571 SF

Property Details

• Property Type Warehouse
• Total Building Size 26,571 SF
• Lot Size 6.88 AC
• Building Class B
• Year Built 1950
• Tenancy Single
• Zoning LI-1

0 Transit Score

50 Walk Score

Highlights

Click link to download Offering Memorandum: https://bit.ly/30550w8mileIN

MISSION CRITICAL MANUFACTURING HEADQUARTERS WITH VITAL ± 2.50 ACRE IOS COMPONENT | STICKY TENANT

STRONG, ESTABLISHED TENANT | CORPORATE GUARANTY | SUBSTANTIAL LEASE TERM REMAINING = ±12.70 YR WALT

LOCATION WITHIN THRIVING "NORTHWEST SUBURBS" DETROIT, MI INDUSTRIAL SUBMARKET (LOW VACANCY, SCARCE SUPPLY, STRONG RENTS)

ABSOLUTE NNN LEASE STRUCTURE - ZERO LANDLORD RESPONSIBILITIES - ATTRACTIVE 3% ANNUAL INCREASES

CURRENT "BLENDED RENT" (BUILDING + IOS RENT) = ± 23% BELOW MARKET (ATTRACTIVE LOW BASIS AND FUTURE UPSIDE POTENTIAL)

Amenities

• Fenced Lot

Public Transportation

Airport	Drive	Walk	Distance
Detroit Metro Wayne County	36 min	-	18.3 mi
Windsor International	51 min	-	30.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes