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61166 Van Dyke Rd 98,221 SF Industrial Building Washington, MI 48094 $7,015,786 ($71.43/SF) 7% Cap Rate
Investment Highlights
- Over $400K Investment into brand new roofing systems
- Functional, investor friendly industrial layout with dock high and overhead loading, supporting efficient manufacturing and distribution operations
- Located within a well established industrial corridor in Washington, Michigan, supporting long term industrial use and strong tenant demand
- In place rent is over 50 percent below current market rates, providing significant mark to market upside upon renewal or re tenanting
- Four dock high doors and three overhead doors, with the ability to add two additional dock positions
Executive Summary
Fortis Net Lease is pleased to present Laser Specialists, Inc., an industrial investment opportunity located at 61166 Van Dyke in Washington, Michigan. The property consists of a 98,221 square foot industrial facility situated within a wellestablished industrial corridor. Constructed in 1964, the building has been significantly improved through substantial capital investment by both ownership and tenant.Laser Specialists is a family-owned company with over 30 years of operating history, specializing in laser cutting and fabrication services. The tenant serves a diversified client base across automotive, agriculture, aerospace, military, appliance, construction, energy, fitness equipment, and architectural industries. With extensive recent improvements, expansion potential, and a strategic location within the Metro Detroit industrial market, this asset represents a compelling opportunity for investors seeking durable cash flow and long-term value
Property Facts
| Price | $7,015,786 | Rentable Building Area | 98,221 SF |
| Price Per SF | $71.43 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1940 |
| Cap Rate | 7% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.74/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 25’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 7 |
| Lot Size | 20.41 AC | ||
| Zoning | IND - Industrial | ||
| Price | $7,015,786 |
| Price Per SF | $71.43 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 20.41 AC |
| Rentable Building Area | 98,221 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Tenancy | Single |
| Parking Ratio | 0.74/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | IND - Industrial |
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Property Taxes
| Parcel Number | 24-04-22-400-040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,122,500 |
Property Taxes
Parcel Number
24-04-22-400-040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,122,500
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61166 Van Dyke Rd
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