251 Mason Rd - Manufacturing FOR SALE


Howell, MI 48843
$4,250,000 USD
248-895-9972
251 Mason Rd, Howell, MI for Sale
$4,250,000 USD
Manufacturing - FOR SALE
1/16
null | 7.5% Cap Rate

251 Mason Rd
Howell, MI 48843


HIGHLIGHTS

  • 46,360 SF multi-tenant industrial building
  • 100% leased by two national credit tenants: Strong in-place cash flow with upside potential
  • Seven (7) truckwells, two (2) grade-level doors, up to 23' clear, clear span, heavy power, LED lighting
  • 7.8 acre site with additional 6.5 acres of land also for sale
  • NOI: $318,687.30 | 7.5% Cap Rate
  • Located just off I-96 and M-59 in Howell—Livingston County’s largest city

OVERVIEW

P.A. Commercial is pleased to present the opportunity to acquire a 100% leased, 46,360 SF multi-tenant industrial building located in Howell, Michigan—Livingston County’s largest city and a key logistics corridor in Southeast Michigan. Situated on 7.8 acres just off I-96 and M-59, this exceptionally clean and well-maintained asset features two national credit tenants, providing strong in-place cash flow with significant upside potential. Constructed in 1988 and recently renovated in 2023, the building offers a highly functional layout with 35,000 square feet of clear-span warehouse space and 9,675 square feet of newly built office space, including an elevator for the larger tenant. The facility includes premium industrial features such as LED lighting, 19.5’–23’ clear heights, two grade-level doors, seven truckwells, two 5-ton cranes, a fenced lot with trailer parking, and heavy power (2,000 amp, 480V, 3-phase). The property also offers abundant parking with 182 spaces. The asset is currently 100% leased to Deutz Americas and PepsiCo—two credit-grade tenants. Deutz occupies 26,880 square feet on a NNN lease with 5 years remaining while PepsiCo occupies 18,370 square feet on a modified gross lease with 1.7 years remaining. Both tenants pay below current market rents, offering investors near-term upside through mark-to-market lease renewals or tenant repositioning.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

Lighting - Fluorescent, Gas - Natural, Heating - Gas

CLEAR CEILING HT

23 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

182

LAND DETAILS

LAND ACRES

7.8

LAND SF

339,768

ZONING

Lt. Industrial

APN/PARCEL ID

17-02-200-011

ASK ABOUT THIS PROPERTY

Kevin BullP.A. Commercial, LLCMore Info
248-895-9972

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Kevin BullP.A. Commercial, LLCMore Info
248-895-9972

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