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32319462
32319470

29770 Hudson Drive, Novi, MI 48377 For Sale

JD
MI 6504136199
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate
$2,900,000
72 days on market
Updated 72 days ago

Hesco Building

Details
APN 50-22-04-378-021
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 21,443
Units 1
Cap Rate 6.51%
NOI $188,912
Occupancy 100%
Tenancy Single
Price per SqFt $135
Year Built 2004
Stories 1
Acreage 2.270
Zoning I-1
Parking Spaces 44 spaces
Parking per 1,000 SqFt 2.05
Investment Type Stabilized
Ceiling Height 20'

29770 Hudson Drive, Novi, MI 48377

Marketing description

This state-of-the-art building showcases stunning upgraded finishes and abundant windows, creating a bright and inviting atmosphere. Nestled in a serene location, it offers corner exposure and is surrounded by wooded property on the north side. The custom-designed offices and multiple conference rooms provide a professional and tailored environment, while open collaborative areas foster creativity and teamwork. The technology area encompasses labs and anechoic chamber rooms, reflecting a commitment to innovation. Currently leased at a rate significantly below market value, this property presents a compelling opportunity for savvy investors seeking a high-potential, tech-focused space.

Experience the vibrant community surrounding Hesco bldg. in Novi, MI. A hub for innovation and business, Novi offers a wide range of amenities, including convenient access to major expressways, ensuring easy connectivity. The area is home to a variety of dining options, hotels, and retail centers, providing essential resources for employees and visitors. Nearby, you'll find the Suburban Collection Showplace, a premier exhibition and conference center, ideal for hosting industry events and trade shows. With its dynamic offerings and strategic location, Novi presents an enticing environment for industrial and flex space investors seeking a robust, supportive community for their ventures.

Investment highlights

  • 14,000 square feet of upgraded offices and 7,443 square feet of clean shop and testing areas
  • Fully air-conditioned with 20' height and fire suppression throughout
  • Heavy 480 volt, 3-phase power
  • Concrete storage mezzanine and 4 - 12'x14' overhead doors
  • Park-like setting on 2.27 acres
  • Convenient expressway access
  • NOI of $188,912 | 6.5% Cap Rate

Listing Contacts

JD
MI 6504136199
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$188,912.00
$15,742.67/mo

Valuation Metrics

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DSCR
6.51%
Cap Rate
6.51%
ROI

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