23936 Industrial Park Dr - Warehouse FOR SALE


Farmington Hills, MI 48335- Farmington
$2,500,000 USD
248-704-6000
23936 Industrial Park Dr, Farmington Hills, MI for Sale
$2,500,000 USD
Warehouse - FOR SALE
1/42
null | Request Cap Rate

23936 Industrial Park Dr
Farmington Hills, MI 48335
Farmington


HIGHLIGHTS

  • Lease-back option available with an 8% cap rate.
  • Option to deliver vacant for owner-user occupancy.
  • Fully renovated 3,000 SF office with modern finishes.
  • Upgraded warehouse with LED and solar lighting.
  • Heavy power (2000a/480v 3-phase) for industrial operations.

OVERVIEW

Located within a distinguished industrial park, 23936 Industrial Park Dr presents a rare opportunity to acquire a fully renovated, high-performance asset with immediate access to major highways. This 20,968-square-foot facility sits on 1.10 acres zoned I-1 (Light Industrial), offering a strategic location for logistics, distribution, or manufacturing operations. The property is currently tenant-occupied on a month-to-month lease, generating an 8% cap rate, with the tenant willing to sign a minimum three-year lease at closing. Alternatively, the building can be delivered vacant for owner-users seeking a turnkey headquarters. The office component spans 3,000 square feet and has been completely renovated down to the studs, featuring modern finishes, furnished workstations, and conference tables. Security and operational efficiency are enhanced by a 32-channel NVR camera system, alarm integration, and real-time access point doors. The warehouse benefits from upgraded commercial fans, LED lighting throughout, and solar-powered exterior illumination. With 16-foot clear heights, one drive-in door, and one exterior dock, the building is well-equipped for flexible industrial use. Heavy power (2000a/480v 3-phase) supports advanced machinery and equipment needs. This asset is ideal for investors seeking stable income with upside potential or owner-users ready to capitalize on a move-in-ready facility in a high-demand industrial corridor.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

Lighting

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.1

LAND SF

47,916

ZONING

I-1

APN/PARCEL ID

23-30-251-010

ASK ABOUT THIS PROPERTY

Lance SebaBrookstone RealtorsMore Info
248-704-6000

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Lance SebaBrookstone RealtorsMore Info
248-704-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.