1250 Commerce Dr - Manufacturing FOR SALE
Farwell, MI 48622 |
$7,854,124 USD
248-702-0288
1250 Commerce Dr
Farwell, MI 48622
HIGHLIGHTS
- New 8-year lease with Lear Corporation (NYSE: LEA), an investment-grade (BBB - S&P) global automotive supplier, providing stable and reliable income
- Lear Corporation is a Fortune 500 company generating approximately $23.3 billion in annual revenue, with long-standing relationships with major OEMs
- Attractive 7.25% cap rate offering above-market yield for an investment-grade tenant, presenting a compelling risk-adjusted return
- Directly Supports Nearby Lear Manufacturing Facility - The property serves as a critical extension of Lear’s Farwell operations
- Double net (NN) lease structure with tenant responsible for taxes, insurance, and CAM, minimizing landlord responsibilities
- Built-in rent escalations with income growing from $569,424 to $628,520 in 2027 and $659,925 in 2030, providing steady NOI growth and inflation hedge
FOR SALE DETAILS
PRICE
$7,854,124 USD
PRICE/SF
$62 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lear Corporation
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
UTILITIES
Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas
CLEAR CEILING HT
32 Ft
DOCKS
10
DRIVE INS
3
PARKING SPACES
80
LAND DETAILS
LAND ACRES
7.6
LAND SF
331,056
ZONING
Industrial
APN/PARCEL ID
041-023-400-16
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248-702-0288
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248-702-0288
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