45295 Grand River Ave - Warehouse FOR SALE
Novi, MI 48375 |
45295 Grand River Ave
Novi, MI 48375
HIGHLIGHTS
- NEW 5-YEAR LEASE EXTENSION SIGNED | MINIMAL RESPONSIBILITIES | (2) 5-YEAR OPTIONS WITH RENT INCREASES IN EACH OPTION
- SHERWIN-WILLIAMS (S&P BBB) CORPORATE GUARANTEE | FEE SIMPLE ASSET | DELIVERED FREE & CLEAR
- LONG TERM OCCUPANCY | OVER 30 YEARS AT SITE | WELL BELOW MARKET RENTS | $8.19 PSF
- COMMERCIAL PAINT STORE | CATERS TO PROFESSIONALS | DOUBLE THE SIZE OF NORMAL SHERWIN-WILLIAMS FOOTPRINT
- SITUATED ON 1.66-ACRE LOT | 10,540-SQUARE FOOT BUILDING | ONLY SHERWIN-WILLIAMS IN CITY | LIMITED COMPETITION
- STRONG DEMOS | 139,000+ PEOPLE IN 5-MILE RADIUS | AFFLUENT MARKET | $123,000+ INCOME IN 5-MILE RADIUS
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Sherwin-Williams
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
UTILITIES
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CLEAR CEILING HT
18 Ft
DOCKS
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DRIVE INS
2
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
22-15-351-044
