25411 Sherwood AveCenter Line, MI 48091

For Sale
$2,750,000

26,157 SF Flex/Warehouse, 7.6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 26,157-square-foot industrial building situated on a 2.2-acre lot in Center Line, Michigan. The property, located at 25411 Sherwood Ave, Warren, MI 48091, is a single-story, Class C building constructed in 1920 and extensively renovated in 2000. Currently operating at 100% occupancy with two tenants under a modified net lease, this multi-tenant property offers a strong 7.60% cap rate at an asking price of $2,750,000 ($105.13/SF). The building features 18-foot ceilings, one loading dock, and four dock-high doors, providing ample space for various industrial uses. Extensive parking is available with 50 spaces, plus outside storage and truck parking. The property is zoned M-1 and boasts a desirable mix of tenants. This well-maintained building represents a compelling investment opportunity in a strong industrial market. The property includes APN numbers 01-13-21-376-004 and 01-13-21-376-002.

Highlights

  • Exceptional investment opportunity with a 7.60% cap rate.
  • Truck parking available.
  • Outside storage available.
  • Well-maintained building.
  • Desirable tenant mix.
  • Ample parking (50 spaces).

Property Details for 25411 Sherwood Ave

Property type
Other warehouses, Other industrial properties
Square Feet
26,157 SF
Class
C
Year Built/Renovated
1920/2000
Buildings
1
Stories
1
Lot Size (sq. ft)
95,832 SF
Units
2

Location Insight

City
Center Line
County
Macomb
State
Michigan
Latitude
42.480311815881
Longitude
-83.038118903369
25411 Sherwood Ave, Center Line, Michigan

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25411 Sherwood Ave
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