23944 Freeway Park Dr | Farmington Hills, MI 48335
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- LoopNet Team
23944 Freeway Park Dr
Farmington Hills, MI 48335
NNN Single Tenant Industrial 100% Occupied · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- ±35,500 SF single-tenant industrial investment property located in Farmington Hills, MI (Metro Detroit MSA)
- JVIS signed a new lease in 2022 that runs through July 2029 with 2% annual increases + renewal option
- The warehouse space features 22’-27’ clear height and multiple truck well and grade doors
- JVIS USA is a tier-1 global designer and manufacturer of automotive components with $200 million in annual sales with 500+ employees
- The subject property was fully renovated in 2018 & 2020 and is exceptionally well-maintained
- The property is surrounded by complimentary industrial tenants located in the largest industrial park in suburban metro Detroit with direct access to
PROPERTY FACTS
| Property Type | Industrial | Year Built/Renovated | 1967/2020 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Lot Size | 1.99 AC | Clear Ceiling Height | 26’ |
| Rentable Building Area | 35,548 SF | No. Drive In / Grade-Level Doors | 3 |
| No. Stories | 1 | ||
| Zoning | LI - Light Industrial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.99 AC |
| Rentable Building Area | 35,548 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2020 |
| Tenancy | Single |
| Parking Ratio | 0.73/1,000 SF |
| Clear Ceiling Height | 26’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | LI - Light Industrial |
UTILITIES
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 23-30-276-064 | Improvements Assessment | $1,143,530 |
| Land Assessment | $142,640 | Total Assessment | $1,286,170 |
PROPERTY TAXES
Parcel Number
23-30-276-064
Land Assessment
$142,640
Improvements Assessment
$1,143,530
Total Assessment
$1,286,170
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