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- LoopNet Team
2280 W Grand River Ave
Howell, MI 48843
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- A 100% leased, 147,757 SF industrial property that is anchored by Chassix, Inc.
- The subject property was recently renovated with new interior paint, floors, cranes and machinery.
- The property it ideally situated less than 2 miles from Interstate 96.
- Chassix, Inc. has more than 5 years remaining on their lease with a built in annual escalation of 3%.
- This investment opportunity is a fantastic industrial asset to acquire as the it comes with zero landlord responsibilities.
- More than 18,473 people in a 3-mile radius with an average household income of $72,552.
PROPERTY FACTS
| Property Type | Industrial | Year Built/Renovated | 1955/1995 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.94/1,000 SF |
| Lot Size | 13.70 AC | Clear Ceiling Height | 40’ |
| Rentable Building Area | 145,757 SF | No. Dock-High Doors/Loading | 5 |
| No. Stories | 2 | No. Drive In / Grade-Level Doors | 10 |
| Zoning | I | ||
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 13.70 AC |
| Rentable Building Area | 145,757 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/1995 |
| Tenancy | Single |
| Parking Ratio | 1.94/1,000 SF |
| Clear Ceiling Height | 40’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | I |
AMENITIES
- Fenced Lot
- Signage
UTILITIES
- Lighting - Metal Halide
- Heating
ABOUT 2280 W GRAND RIVER AVE , HOWELL, MI 48843
The building is 100% occupied by a single tenant, Chassix - Diversified Machines, with full NNN Lease. 5+ years remaining on term with 3% annual rental rate increases with the rental rate being below market in extremely tight SE Michigan Industrial Market. This facility is critical to the Tenant's business operations and has seen recent Tenant Improvements including new interior paint, shop floors, concrete drive lanes, cranes, machinery, and facility sheds. Please contact Rachel Meadows (rachel@promanas.com) to executed CA and obtain additional due diligence information for the sale of this building.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $4,228,090 |
PROPERTY TAXES
