For Sale
$1,550,000

4410 13Th St Wyandotte, MI 48192

17,020 SF Manufacturing/Warehouse, 8.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 17,020-square-foot industrial property located at 4410 13th St, Wyandotte, Michigan, 48192. The property, situated on 3.34 acres, is currently 100% occupied by a well-established metal fabrication and engineering company with a 30+ year operating history at this location. A new 10-year absolute triple-net (NNN) leaseback is in place at closing, offering zero landlord responsibilities. The lease includes a 10% rent bump in year six and 1.5% annual increases throughout the primary term. The tenant boasts a strong client base including major automotive manufacturers (Ford, Toyota, GM) and government agencies (US Army, Navy, Air Force). Significant capital expenditures were made within the last three years, encompassing both interior and exterior improvements. The building features a 22-foot ceiling height. The asking price is $1,550,000, representing a price per square foot of $91.07 and an 8.25% capitalization rate based on a net operating income (NOI) of $130,000. This sale-leaseback provides a secure, long-term income stream with minimal management requirements. The tenant's financial stability and long-term commitment make this a compelling investment opportunity in a prime industrial location.

Highlights

  • $1,550,000 asking price for a 17,020 SF industrial property in Wyandotte, MI.
  • 10-year absolute NNN sale-leaseback with zero landlord responsibilities at closing.
  • 1.5% annual rent increases throughout the primary lease term and options, with a 10% bump in year 6.
  • Established tenant (30+ years) operating a premier metal fabrication and engineering company.
  • Strong tenant sales supported by major clients including Ford, Toyota, GM, and various government agencies.
  • Significant capital improvements completed within the last three years.

Property Details for 4410 13Th St

Property type
Warehouses, Industrial properties
Square Feet
17,020 SF
Lot Size (sq. ft)
145,490 SF

Location Insight

City
Wyandotte
County
Wayne
State
Michigan
Latitude
42.1886078
Longitude
-83.1691838

FAQs

What type of property is this?
Warehouse - 17,020 SF Manufacturing/Warehouse, 8.25% Cap Rate
Where is the warehouse located?
The property is located at 4410 13Th St Wyandotte, MI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: $1,550,000 asking price for a 17,020 SF industrial property in Wyandotte, MI.; 10-year absolute NNN sale-leaseback with zero landlord responsibilities at closing.; 1.5% annual rent increases throughout the primary lease term and options, with a 10% bump in year 6.
How can I contact the broker?
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4410 13Th St
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