45755 Five Mile Rd
Plymouth, MI 48170
RMT Building · Industrial Property For Sale

This asset offers potential investors an opportunity to acquire a high end, long term leased building in a high growth industrial submarket . Built in 1981, the Property underwent significant renovations in 1991. The Tenant, RMT Woodworth Heat Treating has offered a variety of heat treating services for over 40 years. With an operation comprised of three facilities, RMT has occupied 45755 Five Mile Road since 2007. The Property serves as a warehousing/storage facility that utilizes four massive furnace lines. RMT’s current lease on the building is 10 years and 9 months, with one (1) 10-year option to renew. Despite its significant strength, the Southern I-275 Corridor submarket can often be overshadowed by some of Metro-Detroit’s more prominent industrial submarkets such as Auburn Hills and West of Van Dyke/Macomb. However, the Southern I-275 Corridor is rapidly growing and more specifically, garnering a reputation as an optimal manufacturing and logistical hub. Home to an existing inventory of over 1,600 industrial buildings, the Southern I-275 Corridor posts a strong vacancy rate of 3.8%, which has been consistently decreasing year-over-year since 2012. The average rental rate is $5.16/SF with continuous year-over-year growth since 2012. Rents have seen the majority of their growth in the past 12 months, with rates increasing over $0.50/SF year-to-date. Much of the positive trend seen in the Southern I-275 Corridor submarket can be attributed to its location within the region of Southeast Michigan. Located on the western edge of Metro-Detroit, the submarket is home or proximate to a large number of major industrial tenants and offers unparalleled access to both technology centric Ann Arbor and Detroit Metropolitan Airport (DTW). The Property is located on Five Mile Road between Beck Road and Sheldon Road. Access to the Property is via one curb cut along Five Mile Road and two curb cuts along Cleat Street. Situated 5 minutes from the I-96/I-275 interchange, the Property has quick and convenient access to Metro-Detroit’s extensive highway system. This places the Property 25 minutes from DTW, 20 minutes from Ann Arbor, and 30 minutes from downtown Detroit.