25040 Van Born Rd - Manufacturing FOR SALE


Dearborn Heights, MI 48125
$2,658,462 USD
248-227-3611
25040 Van Born Rd, Dearborn Heights, MI for Sale
$2,658,462 USD
Manufacturing - FOR SALE
1/16
null | 8.45% Cap Rate

25040 Van Born Rd
Dearborn Heights, MI 48125


HIGHLIGHTS

  • Longtime Historical Occupancy: United Precision has been operating at this site for over 70 years
  • Inflation Hedging & NOI Growth: 3% annual bumps taking effect upon Lease Commencement
  • Strong traffic counts over 24,000 vehicles per day
  • Densely populated area with over 101,000 residents within a 3-mile radius of subject property
  • Six (6) drive-ins and ample parking (1.34/1,000 sq ft)
  • Healthy rent-to-revenue ratio (speak with brokerage team for additional information)

OVERVIEW

Savills is pleased to offer for sale a 14,976 square-foot single-tenant aerospace/precision manufacturing property located in Dearborn Heights, MI. The subject property is 100% occupied by United Precision Products Company, Inc. (UPP). At the time of sale, United Precision will sign a 15-year lease. The lease will be on an Absolute NNN basis, whereby Landlord has zero responsibilities. The lease will contain 3% annual escalations. United Precision is a Tier 1 precision aerospace components manufacturer with 70+ years of operating history. They manufacture high-quality, precision-made fasteners and related hardware, and specialty machined parts for the aerospace market, specifically for commercial/general aviation and defense end markets. Some notable clients include Rolls-Royce, Boeing, Raytheon, UTC Aerospace Systems, Gexpro, Pratt & Whitney Canada, Bell Flight, and Pattonair.

FOR SALE DETAILS

PRICE

$2,658,462 USD

PRICE/SF

$178 USD /SF

CAP RATE

8.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.72

LAND SF

31,363

ZONING

I

APN/PARCEL ID

33-043-99-0025-000

ASK ABOUT THIS PROPERTY

Addison WilliamsSavillsMore Info
248-227-3611

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

Addison WilliamsSavillsMore Info
248-227-3611

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