4500 E Grand River Ave - Manufacturing FOR SALE


Howell, MI 48843
$5,470,590 USD
248-419-3286
4500 E Grand River Ave, Howell, MI for Sale
$5,470,590 USD
Manufacturing - FOR SALE
1/16
null | 8.5% Cap Rate

4500 E Grand River Ave
Howell, MI 48843


HIGHLIGHTS

  • 15-Year Absolute NNN with 2.5% annual rent bumps.
  • Mission Critical Facility.
  • Desirable Howell, MI Real Estate at an Attractive Basis.
  • Reuland has evolved over 85 years as a well recognized leader in high performance electric motors.
  • The global electrical motor market is valued at $145 billion in 2024 and projected to reach $258 billion by 2032, a CAGR of 7.52%.

OVERVIEW

Fortis Net Lease is present a unique investment opportunity for qualified investors: the Reuland Electric Co. manufacturing facility, located at 4500 E Grand River Ave., Howell, MI. This 60,293 SF property will be 100% leased to Reuland Electric Co. (the “Tenant”) under an Absolute NNN lease structure with an initial 15-year term and 2.5% annual rent escalations, offering a stable and attractive long-term investment. The facility is ideally positioned directly off Grand River Avenue, the most heavily traveled thoroughfare in Livingston County, ensuring exceptional visibility and accessibility. It is located 55 miles from Detroit, MI—the automotive capital of the world and home to numerous "Big 3" suppliers—placing the tenant in close proximity to key industry players. Additionally, the property is just 40 miles from Lansing, MI, the state capital, where many policies and regulations driving the push toward electrification will be established. This strategic location places Reuland Electric at the heart of both manufacturing and legislative activity, fostering growth and industry influence. Founded in 1937, Reuland Electric has a long-standing reputation for excellence in electric motor manufacturing, employing 200 people across its operations. The company produces motors for diverse applications and specialty markets, including military, industrial, elevator, cranes, and moveable bridges, dams and other applications requiring large, powerful motors with unique performance specifications. Reuland does not produce low margin motors for the automotive industry. Reuland engineers and produces over 50 distinct product lines, each tailored to meet the most demanding applications. Reuland motors are virtually 100% made in the USA, setting Reuland apart and well positioned for miliary and infrastructure projects.

FOR SALE DETAILS

PRICE

$5,470,590 USD

PRICE/SF

$91 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reuland Electric

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

91

LAND DETAILS

LAND ACRES

8.83

LAND SF

384,615

ZONING

M-1

APN/PARCEL ID

11-09-200-043

ASK ABOUT THIS PROPERTY

Payman MahjooryFortis Net LeaseMore Info
248-419-3286

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Payman MahjooryFortis Net LeaseMore Info
248-419-3286

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