29770 Hudson Dr - R&D FOR SALE


Novi, MI 48377
$2,900,000 USD
248-663-0504
29770 Hudson Dr, Novi, MI for Sale
$2,900,000 USD
R&D - FOR SALE
1/17
null | 6.5% Cap Rate

29770 Hudson Dr
Novi, MI 48377


HIGHLIGHTS

  • 14,000 SF of upgraded offices and 7,443 SF of clean shop and testing areas
  • Fully air-conditioned with fire suppression throughout
  • 20' Clear Height, Heavy 480 volt, 3-phase power, three (3) 12' x 13' Overhead Doors
  • Concrete Storage Mezzanine
  • Situated in a Park-like Setting on 2.27 Acres with convenient freeway access
  • NOI of $188,912 | 6.5% Cap Rate

OVERVIEW

This state-of-the-art building showcases stunning upgraded finishes and abundant windows, creating a bright and inviting atmosphere. Nestled in a serene location, it offers corner exposure and is surrounded by wooded property on the north side. The custom-designed offices and multiple conference rooms provide a professional and tailored environment, while open collaborative areas foster creativity and teamwork. The technology area encompasses labs and anechoic chamber rooms, reflecting a commitment to innovation. Currently leased at a rate significantly below market value, this property presents a compelling opportunity for savvy investors seeking a high-potential, tech-focused space. Experience the vibrant community surrounding Hesco Bldg. in Novi, MI. A hub for innovation and business, Novi offers a wide range of amenities, including convenient access to major expressways, ensuring easy connectivity. The area is home to a variety of dining options, hotels, and retail centers, providing essential resources for employees and visitors. Nearby, you'll find the Suburban Collection Showplace, a premier exhibition and conference center, ideal for hosting industry events and trade shows. With its dynamic offerings and strategic location, Novi presents an enticing environment for industrial and flex space investors seeking a robust, supportive community for their ventures.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hesco Building

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

ADD'L SUBTYPES

undefined, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

Water - City, Sewer - City, Heating

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.27

LAND SF

98,881

ZONING

I1, Novi

APN/PARCEL ID

22-04-378-021

ASK ABOUT THIS PROPERTY

John De WaldP.A. Commercial, LLCMore Info
248-663-0504

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John De WaldP.A. Commercial, LLCMore Info
248-663-0504

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