601 & 633 Detroit Ave Industrial FOR SALE


Monroe, MI
$5,881,839 USD
317-432-0943
, Monroe, MI for Sale
$5,881,839 USD
Industrial - FOR SALE
1/11
null | 6.25% Cap Rate

601 & 633 Detroit Ave
Monroe, MI


HIGHLIGHTS

  • STRATEGIC LOCATION | 47 + YEARS HISTORICAL OCCUPANCY | MISSION CRITICAL SITE
  • HIGHLY SECURED LONG TERM (12.75 WALT) ABSOLUTE NNN LEASE | STRONG TENANT FINANCIALS
  • SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDAMENTALS
  • LOCATION WITHIN THRIVING MONROE SUBMARKET |LOW VACANCY / SCARCE SUPPLY

OVERVIEW

Copy Link to Download Offering Memorandum: https://www.pcplistings.com/listings/601detroitave/ CBRE, as exclusive advisor to Owner, is pleased to present the opportunity to acquire the fee-simple interest in ± 59,018 SF Single Tenant Absolute Net Leased industrial complex on a ± 4.62-acre parcel within the thriving Monroe Industrial submarket of Detroit, MI which boasts low vacancy (1.1%) and scarce supply (0 new construction). The site includes two (2) manufacturing / distribution buildings which are ± 25,690 SF [601 Detroit Ave] and ± 33,328 SF [633 Detroit Ave] respectively with two (2) heavily utilized secured IOS (industrial outdoor storage) yards. The buildings are 100% leased to Specialized Packaging Group on a singular Absolute NNN Lease with over 12.75 years of term remaining and features attractive 2.0% annual increases. Specialized Packaging Group is a leading vertically integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. The lease features strong unit level financials with over $28 M in annual revenue and a strong corporate guarantee from entities producing over $141M in annual revenue creating a highly secured income stream. Investment Highlights STRATEGIC 15 YR. SALE LEASEBACK | 47 + YEARS HISTORICAL OCCUPANCY | MISSION CRITICAL SITE — In Q4 2023, Complete Packaging was acquired by Specialized Packaging Group. The acquisition was a strategic initiative by Specialized Packaging Group to gain access to a well-established operator with a substantial Midwest customer base / footprint. The acquisition added approximately 90 employees to SPG’s 1,600-person workforce. Complete Packaging’s leadership and full workforce was retained. HIGHLY SECURED LONG TERM ABSOLUTE NNN LEASE | STRONG TENANT FINANCIALS — Complete Packaging is a leading provider of custom, value-added multi-substrate packaging solutions and boasts unit level revenues of over $28M. — In addition to the solid tenant financials of the Lessee signature, as an additional layer of security, the Lease includes a strong corporate guarantee from two (2) additional parent entities (“joint guarantor”) which produce over $141M in annual revenue. SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDAMENTALS — The subject property is centrally located in immediate proximity to I-75, a major north-south transportation artery highway often called “Michigan’s Main Street” due to its connection to major cities like Detroit, Flint, and Bay City. It is a key route for freight, connecting industrial centers in the region. The site’s location provides convenient access to the Greater Midwest Region that it serves. LOCATION WITHIN THRIVING MONROE SUBMARKET |LOW VACANCY / SCARCE SUPPLY — The property is located within the Monroe Industrial Submarket of Detroit, MI. The Monroe industrial market contains approximately 18 million SF of total industrial inventory. — As of Q3 2025, Monroe’s vacancy rate was a mere 1.1% with ZERO (0) SF available for Sublet and ZERO (0) SF currently Under Construction and strong 2.4% YOY rent growth.

ASK ABOUT THIS PROPERTY

Kevin FoleyCBREMore Info
317-432-0943

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Kevin FoleyCBREMore Info
317-432-0943

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