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29094680
29094681

47828 Halyard Dr, Plymouth, MI 48170

MZ
MI MI 369338
Exp Realty
Listed by Exp Realty
$4,500,000
149 days on market
Updated 62 days ago

47828 Halyard

Details
Property Type Industrial
Sub Type Flex, R&D (+1)
Square Footage 28,172
Net Rentable (SqFt) 28,172
Units 1
Cap Rate 7.70%
NOI $346,464
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 5
Lease Expiration 07/31/2026
Remaining Term 0.2
Price per SqFt $160
Broker Co-Op Yes
Year Built 2001
Year Renovated 2022
Buildings 1
Stories 1
Acreage 4.000
Zoning Light Industrial
Investment Type Owner/User
Tenant Credit Credit Rated
Lease Commencement 08/01/2021
Occupancy Date 08/01/2026
Ceiling Height 16
Loading Docks 1
Dock High Doors 1

This premier 28,372 SF corporate R&D / flex building is strategically located at Beck Road and M-14

Marketing description

28,372 SF Corporate R&D / Flex Facility | Plymouth, MI

Institutional-quality 28,372 SF corporate R&D / flex asset located at the highly accessible intersection of Beck Road and M-14 in Plymouth. The property offers strong long-term fundamentals driven by functional versatility, heavy parking, and recent capital improvements.

The building is currently configured as approximately 80% office and 20% high-bay testing/warehouse, with the office component easily convertible to lab, testing, or additional industrial use, allowing ownership to reposition the asset for multiple tenant profiles. 16’ clear heights throughout, one truck well, and one 14’ overhead door support a wide range of R&D, engineering, and light industrial users.

Key infrastructure includes 1,000 AMP 480/277V electrical service, 136 surface parking spaces, and a 4.08-acre site, providing strong functionality and future leasing flexibility. The property features prominent monument signage on Halyard Drive, enhancing visibility and tenant branding.

Recent capital improvements include a brand-new 20-year Duralast roof and freshly painted exterior, materially reducing near-term capital expenditure risk. The combination of freeway access, power capacity, parking ratio, and flexible layout positions the asset well for stable cash flow, re-tenanting efficiency, and long-term value preservation.

Current Tenant Pays $32,115.73/month and lease expires 7/31/2026

Investment highlights

  • Conveniently located In Plymouth, MI at Beck Road and M-14 ent./exit

  • 28,372 SF premier corporate R&D/flex facility available

  • Space currently configured as 80% modern open office space and 20% high bay testing and warehouse space

  • Office space easily convertible to lab, testing, and/or additional warehouse space

  • One truck well and One 14’ overhead door

  • Clear Height 16’ ceilings throughout entire building

  • Heavily parked with 136 car parking

  • Prominent monument ground sign at Halyard Drive

  • Recently painted exterior

  • 1,000 AMP 480/277 volt power

  • Located on 4.08 Acres

  • Freshly Painted Exterior

  • Brand New 20 Year Duralast Roof

Listing Contacts

MZ
MI MI 369338
Exp Realty
Listed by Exp Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$346,464.00
$28,872.00/mo

Valuation Metrics

0
DSCR
7.7%
Cap Rate
7.7%
ROI

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Additional Information

Name
MARK Z
License
MI 369338
Brokerage
JMZ Management
Title
Real Estate Broker
Brokerage Address
40020 West 12 Mile Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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