16137 Leone DrMacomb, MI 48042

Property Details for 16137 Leone Dr

Year built

2006

Lot size

0.23 AC

Property size (Sq ft)

3,459 SF

Zone code

M1

Property type

Industrial properties

APN

20-08-18-401-013

APU

200818401013

Description

This 7,000-square-foot warehouse in Macomb, Michigan, presents a compelling investment opportunity. Built in 2006, the property boasts a strong 8.5% cap rate and a Net Operating Income (NOI) of $103,381. Currently occupied by Graham Medical Technologies under a lease extending to August 31, 2026, demonstrating tenant commitment. The property sits on a 0.23-acre lot and is priced at $1,211,000 ($173/sq ft). Located in a thriving industrial area of Macomb Township, a suburb of Detroit, the property benefits from high traffic counts on nearby Hayes Rd and 23 Mile Rd (30,000 vehicles daily). The surrounding area offers a strong demographic profile, with an average household income of $104,342 within a 5-mile radius and a population of approximately 232,749 people within a 10-mile radius. This location provides easy access to various healthcare options and facilities, aligning well with the tenant's medical technology business. The property's strong financials, long-term lease, and desirable location make it an attractive investment prospect.

Location Insight

City

Macomb

County

Macomb

State

Michigan

Latitude

42.6782

Longitude

-82.9635

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].