NEW: 100% Leased, Single Tenant Warehouse/Logistics Investment Opportunity - Pontiac, Michigan
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Price: $25,278,720 Building SqFt: 363,200 sqft Cost per SqFt: $71.59 CAP: 8.75% Lot Size: 26 acres Yearbuilt: 2002 NEW. Located in the Centerpoint Business Park in Pontiac, Michigan, this Class A warehouse/logistics facility includes features such as masonry and architectural siding exterior walls, 8” concrete floors, 26’ clear ceiling heights, and a metal roof with 20 year warranty. Founded in 1992, Logistics Insight Corporation (LINC), is a subsidiary of Central Transportation, Inc. (“CenTra”) which is ranked by Forbes as one of the largest 500 privately held companies, with annual revenues estimated near $1.1 billion according to Crain’s Detroit Business. LINC is a highly-rated sequencing supplier to General Motors and is contracted to be the drive train and bumper sequencer to the GM Pontiac East Assembly Plant through the lease term. The Pontiac East Assembly Plant is one of GM’s most productive and profitable plants in the world, producing the popular Chevrolet Silverado and GMC Sierra full-size pick-ups. The facility is located within 2000 ft. of the GM Plant and was enthusiastically endorsed by GM because of the nearby location to the Plant, saving GM over $2 million annually in trucking costs and “just in time” (JIT) compliance from the previous logistical center locations. With annual savings of this magnitude, it is certain that this facility will be serving the Pontiac East Plant for many years. GM and LINC have invested over $1 million in equipment and infrastructure at the facility.
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AVAILABLE: 138,000 SqFt Single Tenant Industrial - Valencia, California
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Price: $15,300,000 Building SqFt: 138,000 sqft Cost per SqFt: $110.87 CAP: 5.84% Lot Size: 261,796 sqft Yearbuilt: 1980 AVAILABLE. DO NOT DISTURB TENANT! Single tenant net leased investment opportunity with no landlord responsibilities. The company, California Millworks, is a privately held company that has been operating from this facility for over 15 years. Current tenant is paying below market rents of $6.47 per foot. The property was built in 1980 and is a concrete tilt up building with 5 dock high doors, 21 foot minimum clear height with approximately 10,000 square feet of quality office space. The property is leased until February 13th, 2013, with rental increases every two years. The increases are tied to the CPI with a minimum of 4% and a maximum of 8%. The property has an extensive dust collection system with two huge vacuums at the rear of the building. The Valencia submarket has a low vacancy rate of 5.35% as of the third quarter of 2005. Located in a master planned business park. The Valencia area is a high growth location for not only industrial, but retail office and single family residences. Buyer must assume existing conduit loan. DO NOT DISTURB TENANT!
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SOLD: 52,670+/- SqFt Industrial - Sylmar, California
Price: $4,350,000 Building SqFt: 52,670+/- sqft Cost per SqFt: $82.59 CAP (Proforma): 7.19% Lot Size: 87,120 sqft Yearbuilt: 1980
SOLD: 30,000 SqFt (Approx.) Multi-Tenant Industrial - Lake Elsinore, California
Price: $1,175,000 Building SqFt: 30,000 sqft (approx.) Cost per SqFt: $39.17 CAP (Scheduled): 11.99% Lot Size: 58,370 sqft Yearbuilt: 1989