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4147 Keller Rd 219,877 SF 100% Leased Industrial Building Holt, MI 48842 $16,800,000 ($76.41/SF) 8.52% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased to Rush Group Limited
- Strong industrial submarket (2.8% vacancy)
- Below-market rent with 3% annual bumps
- Longstanding tenant (15+ years)
EXECUTIVE SUMMARY
Colliers is pleased to offer for investment sale this 219,877 SF fully leased auto parts distribution center located at 4147 Keller Rd, Holt, MI. This high-quality industrial asset sits on 21.97 acres and presents a compelling opportunity to acquire a fully stabilized, single-tenant, net leased investment with strong cash flow and long-term income security.
The entire facility is leased to Rush Group Limited (d/b/a Dakkota Automotive Systems), an automotive tenant with 15+ year historical occupancy, under a net lease generating an annual net operating income (NOI) of $1,429,200. The lease includes 3% annual rent escalations starting November 1, 2026, and extends through October 31, 2028, with two additional five-year renewal options, providing investors with predictable income and future upside.
The property is being offered at an attractive 8.50% capitalization rate based on the current NOI, resulting in an asking price of $16,800,000. This offering provides investors with immediate yield backed by a strong tenant in a growing submarket with long-term potential.
Holt is strategically located within the Lansing MSA, just 90 miles from Detroit and 220 miles from Chicago. The site benefits from proximity to major population centers and a labor pool of over 194,000 within a 7-mile radius. The Lansing industrial market has a current vacancy rate of 2.8%, with average asking rents of $6.94/SF NNN (per CoStar).
This is a rare opportunity to acquire a stabilized industrial investment with strong in-place income, annual rent growth, and a strategic Midwestern location with modern infrastructure. Please contact a member of the team for additional information.
The entire facility is leased to Rush Group Limited (d/b/a Dakkota Automotive Systems), an automotive tenant with 15+ year historical occupancy, under a net lease generating an annual net operating income (NOI) of $1,429,200. The lease includes 3% annual rent escalations starting November 1, 2026, and extends through October 31, 2028, with two additional five-year renewal options, providing investors with predictable income and future upside.
The property is being offered at an attractive 8.50% capitalization rate based on the current NOI, resulting in an asking price of $16,800,000. This offering provides investors with immediate yield backed by a strong tenant in a growing submarket with long-term potential.
Holt is strategically located within the Lansing MSA, just 90 miles from Detroit and 220 miles from Chicago. The site benefits from proximity to major population centers and a labor pool of over 194,000 within a 7-mile radius. The Lansing industrial market has a current vacancy rate of 2.8%, with average asking rents of $6.94/SF NNN (per CoStar).
This is a rare opportunity to acquire a stabilized industrial investment with strong in-place income, annual rent growth, and a strategic Midwestern location with modern infrastructure. Please contact a member of the team for additional information.
PROPERTY FACTS
| Price | $16,800,000 | Rentable Building Area | 219,877 SF |
| Price Per SF | $76.41 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1974/1984 |
| Cap Rate | 8.52% | Parking Ratio | 0.68/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 22’ |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 22 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 21.97 AC | Opportunity Zone |
Yes
|
| Zoning | Industrial - Industrial Zoned District | ||
| Price | $16,800,000 |
| Price Per SF | $76.41 |
| Sale Type | Investment NNN |
| Cap Rate | 8.52% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 21.97 AC |
| Rentable Building Area | 219,877 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/1984 |
| Parking Ratio | 0.68/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 22 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | Industrial - Industrial Zoned District |
AMENITIES
- Cooler
- Freezer (Space)
UTILITIES
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 25-05-14-401-002 | Improvements Assessment | $1,326,600 |
| Land Assessment | $137,500 | Total Assessment | $1,464,100 |
PROPERTY TAXES
Parcel Number
25-05-14-401-002
Land Assessment
$137,500
Improvements Assessment
$1,326,600
Total Assessment
$1,464,100
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4147 Keller Rd
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