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Hesco Building 29770 Hudson Dr 21,443 SF Flex Building Novi, MI 48377 $2,900,000 ($135.24/SF) 6.50% Cap Rate



Investment Highlights
- 14,000 SF of upgraded offices and 7,443 SF of clean shop and testing areas
- 20' Clear Height, Heavy 480 volt, 3-phase power, three (3) 12' x 13' Overhead Doors
- Situated in a Park-like Setting on 2.27 Acres with convenient freeway access
- Fully air-conditioned with fire suppression throughout
- Concrete Storage Mezzanine
- NOI of $188,912 | 6.5% Cap Rate
Executive Summary
This state-of-the-art building showcases stunning upgraded finishes and abundant windows, creating a bright and inviting atmosphere. Nestled in a serene location, it offers corner exposure and is surrounded by wooded property on the north side. The custom-designed offices and multiple conference rooms provide a professional and tailored environment, while open collaborative areas foster creativity and teamwork. The technology area encompasses labs and anechoic chamber rooms, reflecting a commitment to innovation. Currently leased at a rate significantly below market value, this property presents a compelling opportunity for savvy investors seeking a high-potential, tech-focused space.
Experience the vibrant community surrounding Hesco Bldg. in Novi, MI. A hub for innovation and business, Novi offers a wide range of amenities, including convenient access to major expressways, ensuring easy connectivity. The area is home to a variety of dining options, hotels, and retail centers, providing essential resources for employees and visitors. Nearby, you'll find the Suburban Collection Showplace, a premier exhibition and conference center, ideal for hosting industry events and trade shows. With its dynamic offerings and strategic location, Novi presents an enticing environment for industrial and flex space investors seeking a robust, supportive community for their ventures.
Experience the vibrant community surrounding Hesco Bldg. in Novi, MI. A hub for innovation and business, Novi offers a wide range of amenities, including convenient access to major expressways, ensuring easy connectivity. The area is home to a variety of dining options, hotels, and retail centers, providing essential resources for employees and visitors. Nearby, you'll find the Suburban Collection Showplace, a premier exhibition and conference center, ideal for hosting industry events and trade shows. With its dynamic offerings and strategic location, Novi presents an enticing environment for industrial and flex space investors seeking a robust, supportive community for their ventures.
Property Facts
Amenities
- Bio-Tech/ Lab Space
- Conferencing Facility
- Mezzanine
- Reception
- Storage Space
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- HESCO Sustainable Energy, LLC
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| HESCO Sustainable Energy, LLC | Professional, Scientific, and Technical Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 22-04-378-021 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,111,960 |
Property Taxes
Parcel Number
22-04-378-021
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,111,960
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Hesco Building | 29770 Hudson Dr

