5815 Executive DrWestland, MI 48185

Property Details for 5815 Executive Dr

Year built

1983

Lot size

2.54 AC

Property size (Sq ft)

31,627 SF

Property type

Manufacturing properties

APN

56 028 04 0040 301

APU

56028040040301

Description

This exceptional investment opportunity presents a 31,627-square-foot multi-tenant industrial flex building situated on a 2.61-acre lot at 5815 Executive Dr E, Westland, MI 48185. Currently 100% occupied by two tier-one automotive supplier tenants, this stabilized investment boasts a strong NOI of $259,926, yielding an 8.00% cap rate and an asking price of $3,250,000 ($102.76/sq ft, $1,625,000/unit). The property benefits from a weighted average lease term (WALT) of approximately 5 years, providing long-term stability. Each tenant has built-in annual rent escalations averaging 3.25% annually, ensuring consistent income growth. The leases are NNN, minimizing landlord responsibilities and maximizing passive income potential. The building enjoys a prime location approximately 0.5 miles from Interstate 275, a major thoroughfare with high daily traffic volume. This location is within a robust industrial corridor, close to Canton, Plymouth, and Livonia. This is a rare opportunity to acquire a high-performing, multi-tenant industrial property with significant upside potential in a desirable Michigan market.

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.3259

Longitude

-83.416

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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