Absolute NNN Industrial Investment Opportunity

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30295027
Property Subtypes: Flex Space, Industrial-Business Park, Net Leased, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 15,104 SF
Gross Building Area: See Agent
Gross Land Area: 2.30 Acres
Sale Price: See Agent
Ceiling: 18 ft.
Drive In Bays: 1 Bay
Property Use Type: Investment
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/12/2018

Overview / Comments

As the Exclusive Representative, SVN | Stewart Commercial Group is pleased to offer qualified investors the opportunity to purchase this high-quality industrial facility. Currently 100% owned and occupied by Akervall Technologies Inc.[ATI]. Offered via Sale/Leaseback, the ATI property will be subject to a 15-year absolute triple net [NNN] lease with annual rent escalations, providing the new owner with a stable, long-term investment, hedge against inflation.

Named one of Inc. 5000's fastest growing companies in the United States in back to back years, ATI's revenue grew at a staggering 264%. The company now distributes its products through over 2000-2500 retailers worldwide, including major US-based retailers, and is transforming the industry with new technology and design.

Since taking occupancy of the property, ATI has made substantial improvements to the building including new office, state-of-the-art manufacturing, and updated warehouse facilities. The local market supports the stability of the investment. Located in Saline, MI, just south of the city of Ann Arbor, Saline has some of the best demographics in the state and industrial occupancy rates are near 100%.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Tax ID/APN: 18-12-30-430-011
Zoning: I-2
Tenancy: Single Tenant
Property Condition: Excellent
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,433 28,551 79,690
Median Age: 40.41 40.27 38.5
Households: 1,843 10,702 33,296
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