Manufacturing Facility

Industrial for Sale
Catylist Listing ID: 30007557
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial
Building Size (RSF): 7,984 SF
Gross Land Area: 2.50 Acres
Sale Price: $450,000
Unit Price: $56.36 PSF
Ceiling: 17 ft. / 14 ft. Clear
Docks/Doors: 1 Door
Office SF: 1,984 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Building Name: Roesch
Usable Size (USF): 7,984 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

Well maintained in excellent condition like new. Pre-engineered steel frame 80 X 75 Production area with a 45 X 28 Mezzanine and a 64 X 30 office in the front. Very clean well maintained structure located in Tecumseh's Industrial Park. Suitable for research and development, small production facility. 2 water mains, 6 inch steel reinforced concrete, air lines throughout, 200 amp buss duct, 16 metal Halide lights with two switches, RO water system, water softener, fully insulated building, metal studs in office area.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $8,882 (Annual)
Tax Value Land $39,600
Tax Value Improvements $100,117
Assessed Value - Total($) $141,500 (Annual)
Potential Rental Income $47,000 (Annual)
Net Operating Income $43,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Adrian
County: Lenawee
Taxing Authority: City of Tecumseh
Tax ID/APN: XT0-555-0140-00
Zoning: INDUSTRIAL
Property Located Between: Maumee and Industrial
Highway Access: US-12 tem minutes to the North and US-23 Fifteen minutes East
Airports: Lenawee
Site Description: Generally flat, with excess land for expansion
Area Description: Industrial Park setting
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,984 SF
Property Condition: Excellent
Year Built: 1997
Roof Type: Arched
Construction/Siding: Metal Siding
Exterior Description: Brick on the front office area and metal for production area
Parking Type: Surface
Parking Description: Adequate parking with additional land for expansion
Total Parking Spaces: 15
Eave Height: 14
Column Spacing: Clear span
Overhead Cranes: Undisclosed
Amps: 400
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central, Radiant
Air Conditioning: Package Unit
Lighting: Fluorescent, Metal Halide
Internet Access: Cable
Interior Description: Office area very clean quality finished throughout with carpet, fluorescent lighting, wood trim. Production area very clean 6 inch concrete floor, air lines, Buss Duct, RO water system, water softner, 12 X 12 overhead door at grade level. Fully insulated and air-conditioned both office and production area except garage area.
Zoning Description: I-1 Industrial zoning
Lot Frontage: 230
Lot Depth: 490
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private
Legal Description: Lot 14 Industrial Park #1 City of Tecumseh

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,009 15,835 19,940
Median Age: 35.57 40.38 40.73
Households: 898 6,262 7,806

Contact

Photograph of Listing Agent

Patrick J. Hoffman, CCIM

Howard Hanna CPIX Member
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