30927 Schoolcraft RdLivonia, MI 48150

For Sale
$2,534,400

19,800 SF, 100% Occupancy, 6.96% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully leased, multi-tenant industrial building situated in the thriving Livonia, Michigan market. The property, located at 30927 Schoolcraft Rd, boasts a total of 19,800 square feet across ten separately metered units, ranging in size from 1,200 to 3,600 square feet. Built in 1986 and renovated in 2008, the building offers a desirable combination of established infrastructure and recent improvements. The property features seven overhead doors, one truck well, and a ceiling height of 18 feet, catering to diverse industrial needs. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $176,319, resulting in an attractive 6.96% capitalization rate. The asking price is $2,534,400, translating to $128 per square foot and $253,440 per unit. The 0.92-acre lot is further enhanced by a planned new parking lot slated for completion in 2024. This stabilized investment offers a compelling return with strong tenant occupancy and a prime location in Wayne County, MI, zip code 48150. The property's classification includes distribution, manufacturing, and warehouse uses. One loading dock is available.

Highlights

  • Fully leased, 10-unit industrial building in Livonia, MI.
  • Tenants occupy separately metered units ranging from 1,200 to 3,600 square feet. Seven overhead doors, one truck well, and 18-foot ceilings.
  • New parking lot planned for completion in 2024.
  • 19,800 square feet on a 0.92-acre lot; $2,534,400 asking price ($128/SF, $253,440/unit). 6.96% cap rate, $176,319 NOI.

Property Details for 30927 Schoolcraft Rd

Property type
Other warehouses, Other industrial properties
Square Feet
19,800 SF
Year Built/Renovated
1986/2008
Lot Size (sq. ft)
40,075 SF
Units
10

Location Insight

City
Livonia
County
Wayne
State
Michigan
Latitude
42.382711925318
Longitude
-83.347913362053
30927 Schoolcraft Rd, Livonia, Michigan

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30927 Schoolcraft Rd
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