4410 13Th StWyandotte, MI 48192

  • Manufacturing properties
  • 17,020 SF
For Sale
$1,550,000 View listing

Property Details for 4410 13Th St

Year built
1965
Lot size
1.69 AC
Property size (Sq ft)
17,020 SF
Property type
Manufacturing properties
APN
57 022 10 0007 300
APU
57022100007300

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,504,694
    Hospitality
    $3,210,281
    Educational
    $2,670,916
    Medical
    $2,762,773
    Retail
    $4,154,758

Location Insight

City
Wyandotte
County
Wayne
State
Michigan
Latitude
42.1885
Longitude
-83.1693
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,047
-
-
$339,100
-
-
-
$678,200

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