Commercial Investment Opportunity
Price
$5,900,000
Off-Market + 14290 Schaefer Hwy, Detroit, MI 48227
Price: $5.9M
Due Diligence Info: https://www.dropbox.com/scl/fo/586g9a3tgk961basy3sic/h/14290%20Schaefer?dl=0&subfolder_nav_tracking=1
Investment Opportunity with a $600K NOI
We are excited to present this exceptional investment opportunity at 14290 Schaefer Hwy, Detroit, MI 48227. This property features two buildings totaling approximately 55,000 square feet, situated on 4.9 acres. The current net operating income (NOI) is $480,000 annually, with a lease agreement for the remaining 20,000 square feet expected to be signed this week, adding an additional $120,000 annually plus NNN, resulting in a projected total NOI of $600,000.
Property Overview:
Bank Appraisal: $6.9M
Total Buildings: 2 buildings totaling approximately 55,000 SF
Front Building: Approximately 20,239 SF
Back Building: Approximately 35,000 SF
Current Income:
Back Building: Fully leased with a monthly NOI of $39,962.75
Front Building: Expected to be leased with a monthly NOI of $10,000
Tenant Investments:
Back Building Tenants:
Kuzzbara: Occupying approximately 30,000 SF with a $1.3M buildout investment
Other Units: Additional $900,000 in buildout investment
Both tenants have completed their buildouts and received certificates of occupancy.
Recent Improvements:
New domestic water line and fire suppression line to both buildings
New roof and decking in the front building and a new roof on the front 5,000 SF of the back building
Installation of interior and exterior lighting, and security cameras in both buildings
Installation of a new smart security gate with cameras and remote entry
Entry and garage doors in both buildings
Electrical upgrades including 4,000 amps of power in the back building with new electrical panels and wiring
Additional Features:
Annual/Bi-annual increases to existing leases
Significant tenant buildout investments totaling close to $2M
Secure property with extensive upgrades for modern operations
This property represents a prime investment opportunity with stable cash flow and significant tenant commitments. Please submit all offers directly to investments@promiselandrealtyllc.com.
Contact Information:
For further information and access to due diligence documents, please reach out to the provided contact details.
Aerial View
"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top
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