45295 Grand River Ave | Novi, MI 48375
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45295 Grand River Ave
Novi, MI 48375
Sherwin-Williams · Industrial Property For Sale
Investment Highlights
- NEW 5-YEAR LEASE EXTENSION SIGNED | MINIMAL RESPONSIBILITIES | (2) 5-YEAR OPTIONS WITH RENT INCREASES IN EACH OPTION
- LONG TERM OCCUPANCY | OVER 30 YEARS AT SITE | WELL BELOW MARKET RENTS | $8.19 PSF
- SITUATED ON 1.66-ACRE LOT | 10,540-SQUARE FOOT BUILDING | ONLY SHERWIN-WILLIAMS IN CITY | LIMITED COMPETITION
- SHERWIN-WILLIAMS (S&P BBB) CORPORATE GUARANTEE | FEE SIMPLE ASSET | DELIVERED FREE & CLEAR
- COMMERCIAL PAINT STORE | CATERS TO PROFESSIONALS | DOUBLE THE SIZE OF NORMAL SHERWIN-WILLIAMS FOOTPRINT
- STRONG DEMOS | 139,000+ PEOPLE IN 5-MILE RADIUS | AFFLUENT MARKET | $123,000+ INCOME IN 5-MILE RADIUS
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1985 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.66 AC | Clear Ceiling Height | 18’ |
| Rentable Building Area | 10,540 SF | No. Drive In / Grade-Level Doors | 2 |
| Zoning | L-1 - Industrial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.66 AC |
| Rentable Building Area | 10,540 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | L-1 - Industrial |
Property Taxes
| Parcel Number | 22-15-351-044 | Improvements Assessment | $545,700 |
| Land Assessment | $168,800 | Total Assessment | $714,500 |
Property Taxes
Parcel Number
22-15-351-044
Land Assessment
$168,800
Improvements Assessment
$545,700
Total Assessment
$714,500
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