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16777 Wahrman Rd
Romulus, MI 48174

Industrial Property For Sale

Industrial Properties Michigan Romulus 16777 Wahrman Rd, Romulus, MI 48174

Investment Highlights

  • Nine (9) Year Lease Term Remaining.
  • Excellent Freeway Access Less Than One Mile From I-275 via Wahrman and Eureka Road.
  • Zoned M-2 (General Industrial District).
  • Current annual renewal income of $147,739, Increasing 3% Annually.
  • Strategically Located Within One Mile of Detroit Metropolitan Airport.

Executive Summary

NNN Leased Manufacturing Building Available For Sale | ±22,067 SF total.

PROPERTY FACTS

Sale Type Investment NNN No. Stories 1
Cap Rate 6.16% Year Built 1988
Property Type Industrial Tenancy Single
Property Subtype Manufacturing Parking Ratio 0.77/1,000 SF
Building Class C No. Dock-High Doors/Loading 1
Lot Size 1.89 AC No. Drive In / Grade-Level Doors 1
Rentable Building Area 22,067 SF Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type Investment NNN
Cap Rate 6.16%
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 1.89 AC
Rentable Building Area 22,067 SF
No. Stories 1
Year Built 1988
Tenancy Single
Parking Ratio 0.77/1,000 SF
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Numbers
Multiple
  • 80-131-99-0006-702
  • 80-131-99-0006-701
 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $1,090,958 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 80-131-99-0006-702
  • 80-131-99-0006-701
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,090,958 CAD

zoning

Zoning Code M-2
M-2
 

  • Listing ID: 32029175

  • Date on Market: 2024-06-05

  • Last Updated:

  • Address: 16777 Wahrman Rd, Romulus, MI 48174

The Industrial Property at 16777 Wahrman Rd, Romulus, MI 48174 is currently available for sale. Contact Friedman Real Estate for more information.

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