163 Premier Dr - Manufacturing FOR SALE
Lake Orion, MI 48359 |
$21,605,907 USD
248-702-0288
163 Premier Dr
Lake Orion, MI 48359
HIGHLIGHTS
- Absolute NNN Lease with ZERO Landlord Responsibilities
- 10.5 Years of Remaining Lease Term: STIIIZY has approximately 10.5 years remaining on its lease
- 2% Annual Rental Increases: The lease features 2% annual rent increases, providing consistent contractual income growth throughout the remaining lease
- Strategic Lake Orion Industrial Location: The property is positioned within an established industrial corridor near General Motors' Orion Assembly
- Established & Growing STIIIZY Brand: Founded in 2017, STIIIZY is a vertically integrated cannabis company operating across seven states
- Tight Industrial Market - Industrial vacancy sits below 3.8% in this market, with substantial demand from automotive suppliers
FOR SALE DETAILS
PRICE
$21,605,907 USD
PRICE/SF
$242 USD /SF
CAP RATE
9.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STIIIZY Processing Facility
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
6.07
LAND SF
264,545
ZONING
-
APN/PARCEL ID
09-35-476-001
ASK ABOUT THIS PROPERTY
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248-702-0288
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248-702-0288
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