Troy, Michigan, is an attractive destination for investors seeking to capitalize on the city's strong business presence, particularly in the automotive and financial sectors.Warehouses in Troy for sale offer a unique opportunity to tap into the city's diverse economy, which is driven by major companies such as Altair Engineering, Behr America, Flagstar Bank, Inteva Products, J. D. Power and Associates, Kelly Services, Magna Powertrain, Meritor, and North American Bancard. With its strategic location, Troy provides easy access to major transportation facilities, including Oakland-Troy Airport and Interstate 75, making it an ideal location for businesses that rely on logistics and distribution. The city's well-developed infrastructure, including a council-manager form of government, also contributes to its appeal. Additionally, Troy's highly educated population, with institutions such as Walsh College, University of Phoenix, Northwood University, Central Michigan University, Spring Arbor University, International Academy of Design and Technology, and Michigan State University, provides a talented workforce. The city's many amenities, including the Troy Historic Village, Kensington Community Church, and Woodside Bible Church, also make it an attractive place to live and work.
With 11 warehouses for sale in Troy, investors have a range of options to choose from. These warehouses offer a unique opportunity to tap into the city's strong economy, which is driven by its automotive and financial sectors. In addition to warehouses, Troy also offers a range of other property types, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Troy provide a space for businesses to operate and manufacture goods, while land offers opportunities for development and growth. Residential income homes provide a steady stream of revenue, and commercial real estate offers a range of opportunities for businesses to operate and thrive. With its strong economy, highly educated population, and well-developed infrastructure, Troy is an attractive destination for investors seeking to capitalize on its many opportunities.
What are the key features investors look for in warehouses in Troy?
When searching for warehouses in Troy, investors typically look for properties that offer a combination of strategic location, flexibility, and potential for returns, with key features including:
- Average price per square foot of $170 USD, with an average size of 32,793 square feet and a maximum size of 128,838 square feet, providing ample space for storage and operations.
- Proximity to major transportation infrastructure, such as Interstate 75 and the Oakland-Troy Airport, ensuring easy access to suppliers, customers, and markets.
- A competitive average cap rate of , indicating a potential for strong returns on investment, with a total of 11 available listings to choose from.
What size warehouses are available to buy in Troy?
Warehouses for sale in Troy, Michigan, range in size from 32,793 square feet to 128,838 square feet, with an average price per square foot of $170 USD and an average cap rate of , offering a variety of options for businesses and investors looking to establish a presence in this automotive and financial hub.
How much does it cost to buy a warehouse in Troy?
When it comes to buying a warehouse in Troy, Michigan, the cost can vary depending on factors such as size and location, but on average, you can expect to pay around $170 USD per square foot, with the average warehouse size being 32,793 square feet, and the largest available warehouse spanning 128,838 square feet, with an average cap rate of.
