Versatube

Industrial for Sale
Catylist Listing ID: 30468794
Property Subtypes: Free-Standing
Building Size (RSF): 190,450 SF
Gross Land Area: 11.40 Acres
Sale Price: $3,809,000
Unit Price: $20 PSF
Ceiling: 18 ft. / 35 ft. Clear
Docks/Doors: 4 Docks, 6 Doors
Office SF: 30,000 SF
Property Use Type: Vacant/Owner-User
Building Name: Versatube
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/9/2019

Overview / Comments

Located off of Rochester Road, a major roadway through Troy connecting the northern and southern I-75 submarkets, the building is approximately 190,450 sq. ft. on an 11.4 acre industrial site. The building has been built in stages from the 1930's to 1990's. 18’ - 35’ clear height, several grade level doors with drive-thru capability and bay sizes vary throughout the additions. Various machine
pits exist. A portion of the roof is old and needs replacement. The two most recent additions are within ten years old, not including the 2-story offices that were constructed in 2005. Outside storage lot also available. (1) 25-Ton crane and 27' 6" under hook.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $57,214 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Troy North
Tax ID/APN: 2015201047
Zoning: I-1
Property Located Between: Long Lake Rd./Rochester Rd.
Highway Access: I-75
Total Number of Buildings: 1
Year Built: 1930
Year Renovated: 1990
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Block/Panel
Parking Description: Heavy Parking
Overhead Cranes: Undisclosed
Sprinklers: Other
Amps: 2,500
Volts: 480
Heat Type: Natural Gas
Heat Source: Radiant
Air Conditioning: Other
Lighting: Metal Halide

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,289 100,150 265,285
Median Age: 44.04 41 40.58
Households: 3,264 37,242 105,902
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