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9542847
18136242

21630 W Seven Mile Rd, Detroit, MI 48219

JA
MI 6501222941
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate
$2,200,000
1528 days on market
Updated 9 days ago

21630 W 7 Mile Rd

Details
APN 22-016834
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 37,670
Units 1
Cap Rate 10.27%
NOI $226,020
Occupancy 100%
Tenancy Single
Lease Term 5
Lease Expiration 10/30/2027
Remaining Term 1.4
Price per SqFt $80
Class B
Year Built 1990
Year Renovated 2021
Buildings 1
Stories 1
Acreage 2.050
Zoning B-4 Warehouse Use
Parking Spaces 60 spaces
Parking Per SqFt 1.59
Investment Type Owner/User
Lease Commencement 11/01/2022
Occupancy Date 10/31/2022
Ceiling Height 9 - 20'
Loading Docks 3
Ownership Single

Industrial | 37,670 SF | 100% Leased | 9.04% Cap Rate w/ Bumps

Marketing description

PROPERTY OVERVIEW

Investment Opportunity with 5-Year Tenant. This 37,670 SF Industrial/Distribution Building features a 35,000 +/- shop area with a 2,770 SF office area. The building features 20' clear height, three truckwells, a clear-span bay, LED lighting, 220 Volt/600 Amp power, and is very clean throughout. The building has 100% fire suppression. The depth of the truckwells were recently renovated to accommodate typical semi-trailers. The building is situated on a fully-fenced and gated 2.05-acre site with 60-car parking.

LOCATION OVERVIEW

This property is located on 7 Mile Rd, at the corner of Lahser Rd. The area surrounding the property offers access to major transportation routes and logistical infrastructure, making it an ideal hub for industrial, warehouse, and distribution operations. Situated close to major highways and transportation hubs, the location provides convenient access for shipping and receiving. Nearby points of interest include Detroit Metropolitan Wayne County Airport, the Port of Detroit, and key industrial parks. As a renowned center for automotive and manufacturing industries, the region offers a skilled workforce and business-friendly environment, making it an attractive destination for industrial investors seeking strategic positioning and growth opportunities.

Investment highlights

  • 37,670 SF distribution building with 2.670 SF office area

  • 5-yr tenant expiring 10/31/2027

  • Three (3) truckwells for efficient loading and unloading

  • Fully fenced yard for added security and privacy

  • Prime location in the Detroit area for convenient access

  • Ample space for warehousing, distribution, and industrial activities

Listing Contacts

JA
MI 6501222941
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
$226,020.00
$18,835.00/mo

Valuation Metrics

0
DSCR
10.27%
Cap Rate
10.27%
ROI

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