4147 Keller Rd - Warehouse FOR SALE


Holt, MI 48842
$16,800,000 USD
952-221-8067
4147 Keller Rd, Holt, MI for Sale
$16,800,000 USD
Warehouse - FOR SALE
1/34
null | 8.52% Cap Rate

4147 Keller Rd
Holt, MI 48842


HIGHLIGHTS

  • 100% leased to Rush Group Limited
  • Below-market rent with 3% annual bumps
  • Strong industrial submarket (2.8% vacancy)
  • Longstanding tenant (15+ years)

OVERVIEW

Colliers is pleased to offer for investment sale this 219,877 SF fully leased auto parts distribution center located at 4147 Keller Rd, Holt, MI. This high-quality industrial asset sits on 21.97 acres and presents a compelling opportunity to acquire a fully stabilized, single-tenant, net leased investment with strong cash flow and long-term income security. The entire facility is leased to Rush Group Limited (d/b/a Dakkota Automotive Systems), an automotive tenant with 15+ year historical occupancy, under a net lease generating an annual net operating income (NOI) of $1,429,200. The lease includes 3% annual rent escalations starting November 1, 2026, and extends through October 31, 2028, with two additional five-year renewal options, providing investors with predictable income and future upside. The property is being offered at an attractive 8.50% capitalization rate based on the current NOI, resulting in an asking price of $16,800,000. This offering provides investors with immediate yield backed by a strong tenant in a growing submarket with long-term potential. Holt is strategically located within the Lansing MSA, just 90 miles from Detroit and 220 miles from Chicago. The site benefits from proximity to major population centers and a labor pool of over 194,000 within a 7-mile radius. The Lansing industrial market has a current vacancy rate of 2.8%, with average asking rents of $6.94/SF NNN (per CoStar). This is a rare opportunity to acquire a stabilized industrial investment with strong in-place income, annual rent growth, and a strategic Midwestern location with modern infrastructure. Please contact a member of the team for additional information.

FOR SALE DETAILS

PRICE

$16,800,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

8.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

22 Ft

DOCKS

22

DRIVE INS

1

PARKING SPACES

80

LAND DETAILS

LAND ACRES

25.31

LAND SF

1,102,504

ZONING

Industrial

APN/PARCEL ID

25-05-14-401-002

ASK ABOUT THIS PROPERTY

Andrew LubinskiCBRE, Inc.More Info
952-221-8067

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Andrew LubinskiCBRE, Inc.More Info
952-221-8067

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