Listed by P.A. Commercial Corporate & Investment Real Estate
$2,400,000
15555 - 15651 12 Mile Road
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 24,950
Cap Rate 4.90%
NOI $119,255
Occupancy 100%
Tenancy Multi
Price per SqFt $96
Year Built 1978
Buildings 1
Stories 1
Acreage 1.380
Zoning Lt Industrial
Parking Spaces 60 spaces
Parking Per SqFt 2.40
Investment Type Owner/User
Ceiling Height 12' - 18'
Ownership Single
Industrial | 4.90% CAP | 24,950 SF
Marketing description
24,950 sf with 12'-18' clear, six (6) overhead doors, 2 tenants, 100% occupied. High exposure location adjacent to McDonald's. Easy access to I-696 and Groesbeck Highway. Tremendous upside potential! Net operating income is $115,861 with a 9% cap rate.
Investment highlights
- 24,950 sf for Sale
- 12'-18' Clear
- High Exposure Location
Listing Contacts
Listed by P.A. Commercial Corporate & Investment Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,255.00
$9,937.92/mo
Valuation Metrics
0
DSCR
4.97%
Cap Rate
4.97%
ROI
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