25540 Seeley RdNovi, MI 48375

Property Details for 25540 Seeley Rd

Lot size

8.00 AC

Property type

Industrial properties

APN

50-22-24-251-027

APU

502224251027

Description

This exceptional investment opportunity presents a fully leased, Class A industrial property totaling 49,722 square feet across two buildings situated on an 8-acre lot in Novi, Michigan. Built in 2020, the property features 16-foot ceilings, 185 parking spaces, and boasts a strong tenant roster including Multimatic, GECOM (Mitsui Kinzoku ACT), and Fire Protection Pros. All three tenants occupy under triple-net (NNN) leases with annual rent escalations and a remaining lease term of over seven years. The property benefits from a 7.39% cap rate and a substantial net operating income (NOI) of $764,793. Located in the I-1 zoned area, this property offers excellent access to major highways (I-275, I-75, I-96, I-696), making it an ideal location for businesses in the thriving automotive and technology sectors. The property's strategic location within the Novi submarket, known for its high market rent and low vacancy rates, ensures a stable and lucrative investment. Lease options include 2 and 5-year terms. The fee-simple ownership provides complete control and potential for future appreciation. The property's design includes open floor plans, dedicated research and development (R&D) areas, and warehouse space, catering to a variety of industrial and technology-focused businesses. This is a stabilized investment with a strong NOI and long-term lease security.

Location Insight

City

Novi

County

Oakland

State

Michigan

Latitude

42.478

Longitude

-83.4435

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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