Listed by Marcus & Millichap - Detroit, Institutional Property Advisors, Marcus & Millichap - Phoenix
$13,400,000
NuStep
Details
APN NA
Property Type Industrial
Sub Type Warehouse, R&D
Square Footage 106,074
Cap Rate 7.00%
NOI $939,285
Occupancy 100%
Tenancy Single
Lease Expiration 07/30/2037
Remaining Term 11
Rent Bumps Yes
Lease Options Two (2) 5-year options
Price per SqFt $126
Year Built 1990
Year Renovated 2022
Buildings 1
Acreage 7.920
Zoning TAR - Technology & Research
Investment Type Core+
Ground Lease No
Ceiling Height 24
Loading Docks 2
Dock High Doors 3
Single-Tenant Sole Production Facility | Over 11 Years of Term Remaining | 3.5% Assumable Financing
Marketing description
MAIN PRODUCTION FACILITY & CORPORATE HQ
- The Asset serves as NuStep’s business-critical corporate headquarters and primary production facility, centralizing leadership, design, and manufacturing operations within a single purpose-built location essential to daily operations
- Completed in 2022, the relocation and renovation expanded production capacity and enhanced workflow efficiency, positioning the facility to support long-term organizational growth
- The Asset is integral to supporting NuStep’s global customer base across healthcare, senior living, rehabilitation, and fitness sectors, reinforcing its importance to the Tenant’s productivity and competitive positioning
STATE-OF-THE-ART REDEVELOPMENT FOR NUSTEP
- Full Exterior Repositioning with new façade system, refreshed block finishes, and upgraded landscaping
- Manufacturing-Ready Improvements including thickened slab sections and dedicated shipping/parts infrastructure
- Modern Office & Showroom Renovation featuring updated lobby finishes, new showroom, and refreshed office interior
- Enhanced Tenant Amenities with upgraded wellness facilities and dual-shower installations
DESIRABLE BUILDING FUNDAMENTALS
- Recently renovated facility totaling ±106,074 square feet on ±7.92 acres,
- Redesigned to support integrated manufacturing, assembly, and corporate operations with high-quality finishes
Investment highlights
Institutional Property Advisors (IPA), a division of Marcus & Millichap, is pleased to present the opportunity to acquire a ±106,074-square-foot business-critical sole production facility and corporate headquarters located at 47700 Halyard Drive in Plymouth, Michigan (the “Property” or “Asset”), within the greater Detroit MSA.
The Property is fully occupied by NuStep, LLC (“NuStep” or the “Tenant”) and was extensively renovated in 2022 to support its corporate headquarters and production operations. NuStep’s execution of a new 15-year lease term, extending through July 2037, underscores its long-term commitment to the location.
Listing Contacts
Listed by Marcus & Millichap - Detroit, Institutional Property Advisors, Marcus & Millichap - Phoenix
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$939,285.00
$78,273.75/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage
Is there information that looks off?
