46400 Continental Drive

Industrial for Sale
Catylist Listing ID: 29840181
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Net Leased, Office Showroom
Building Size (RSF): 26,298 SF
Gross Land Area: 1.55 Acres
Sale Price: $2,353,320
Unit Price: $89.49 PSF
Ceiling: 20 ft.
Docks/Doors: 1 Dock, 2 Doors
Office SF: 8,683 SF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Argus-Hazco
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/11/2018

Overview / Comments

Tremendous Investment Opportunity! Net Leased Building. Credit Tenant. Fantastic Cash Flow, Perfect for 1031 Exchange. Sharp Nicely Maintained Building. Tenant Lease in Place through July 2020.
2017 Property Taxes: $21,936.42

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 09-32-151-051
Road Type: Paved
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1997
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 50
Overhead Cranes: Undisclosed
Amps: 400
Volts: 240
Heat Type: Suspended Radiant Heaters
Heat Source: Ceiling Units
Lighting: Metal Halide
Lot Frontage: 240
Lot Depth: 282
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,939 49,084 158,092
Median Age: 39.08 38.43 38.86
Households: 2,464 18,748 60,014
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