5048 Pilgrim Rd. has singled itself out as the ideal property for your investment portfolio. This is the first time this 2004 built, 19,481 sq. ft. warehouse/office property on 3.710 acres (with direct I-75 frontage/exposure) has been offered for sale, and opportunity is knocking. Ideally (and centrally) located within a demand Mundy Township business park, this custom building is a mere minutes from I-75, I-475 and US-23 expressway hub access (and a gateway to Oakland County.) Offering 100% (National company) tenancy with a lengthy remaining lease and at a 7.5% CAP rate and NNN lease terms. Large 3.710 acre lot size offers the potential for future expansion. Approx. 15,000 sq. ft. of warehouse space w/multiple overhead doors and docks. 4,481 Sq. ft. of office and conference space. Municipal water/sewer, lawn sprinkler system, security systems, new Carrier 48TCE 7.5 ton packaged HVAC unit installed in 2021. Average CAP rate is approx. 8%.
Date | Price |
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7/9/2021 3:00:00 AM | New Value: $1,700,000 |