Martinrea

Industrial for Sale
Catylist Listing ID: 30183579
Property Subtypes: Free-Standing
Building Size (RSF): 192,000 SF
Gross Building Area: See Agent
Gross Land Area: 6.17 Acres
Sale Price: $3,950,000
Unit Price: $20.57 PSF
Ceiling: 50 ft. / 16 ft. Clear
Docks/Doors: 2 Docks
Office SF: 24,000 SF
Drive In Bays: 6 Bays
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Martinrea
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/5/2019

Overview / Comments

Heavy crane building with bus duct and airlines. Great power distribution. Footprint of building is 127,000 sq. ft., 46,770 sq. ft. of second floor shop with freight elevator. 3-story office. Mezzanine: 46,770.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $100,923 (Annual)
Finance Data Year 2016
Real Estate Taxes - Annual($) $117,513 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: 22-008535
Zoning: HEAVY IND.
Property Located Between: Schoolcraft Rd / Southfield Fwy
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1 SF
Year Built: 1980
Year Renovated: 1991
Roof Type: Other
Exterior Description: Block/Steel
Parking Type: Surface
Parking Description: Paved
Total Parking Spaces: 150
Overhead Cranes: 14
Amps: 6,000
Volts: 480
Heat Type: Natural Gas
Heat Source: Radiant
Lighting: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,683 193,339 514,898
Median Age: 34.58 34.41 35.65
Households: 6,907 70,474 191,385
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