61166 Van Dyke Rd - Manufacturing FOR SALE


Washington, MI 48094
$7,015,786 USD
586-945-9960
61166 Van Dyke Rd, Washington, MI for Sale
$7,015,786 USD
Manufacturing - FOR SALE
1/15
null | 7% Cap Rate

61166 Van Dyke Rd
Washington, MI 48094


HIGHLIGHTS

  • Over $400K Investment into brand new roofing systems
  • In place rent is over 50 percent below current market rates, providing significant mark to market upside upon renewal or re tenanting
  • Functional, investor friendly industrial layout with dock high and overhead loading, supporting efficient manufacturing and distribution operations
  • Four dock high doors and three overhead doors, with the ability to add two additional dock positions
  • Located within a well established industrial corridor in Washington, Michigan, supporting long term industrial use and strong tenant demand

OVERVIEW

Fortis Net Lease is pleased to present Laser Specialists, Inc., an industrial investment opportunity located at 61166 Van Dyke in Washington, Michigan. The property consists of a 98,221 square foot industrial facility situated within a wellestablished industrial corridor. Constructed in 1964, the building has been significantly improved through substantial capital investment by both ownership and tenant.Laser Specialists is a family-owned company with over 30 years of operating history, specializing in laser cutting and fabrication services. The tenant serves a diversified client base across automotive, agriculture, aerospace, military, appliance, construction, energy, fitness equipment, and architectural industries. With extensive recent improvements, expansion potential, and a strategic location within the Metro Detroit industrial market, this asset represents a compelling opportunity for investors seeking durable cash flow and long-term value

FOR SALE DETAILS

PRICE

$7,015,786 USD

PRICE/SF

$71 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

-

CLEAR CEILING HT

25 Ft

DOCKS

-

DRIVE INS

7

PARKING SPACES

73

LAND DETAILS

LAND ACRES

20.41

LAND SF

889,140

ZONING

IND

APN/PARCEL ID

24-04-22-400-040

ASK ABOUT THIS PROPERTY

Doug PassonFortis Net LeaseMore Info
586-945-9960

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Doug PassonFortis Net LeaseMore Info
586-945-9960

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