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Buy&Hold (Commercial): 14290 SCHAEFER HWY, DETROIT, MI 48227 + $5,900,000

Commercial Investment Opportunity











Price

$5,900,000



Off-Market + 14290 Schaefer Hwy, Detroit, MI 48227


Price: $5.9M



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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