|
|
|
|
100% Occupied Single Tenant 
500 Centerpoint Drive
Pontiac, MI 48341
County: Oakland
|
|
|
|
|
(818) 905-7367 |
|
|
|
|
|
|
RE/MAX COMMERCIAL
|
|
|
|
|
|
| Property Use Type: | Investment |
| Type: | Industrial
Distribution Warehouse |
| Building Size: | 363,200 SF |
| Lot Size: | 26.00 Acres |
| Clear Ceiling Height: | 26 ft. |
| Price: | $25,278,720 |
| Price/SF: | $69.60 |
| Cap Rate: | 8.75% |
| Year Built: | 2002 |
| Net Lease Investment: | Yes |
| Years left on Lease: | 5 |
| Date Last Verified: | 11/17/2008 |
| Property ID: | 15508553 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Description:
This property is a Class A warehouse/logistics facility located in the Centerpoint Business Park in Pontiac, Michigan and includes features such as 8" concrete floors, 26' clear ceiling heights, a metal roof with 20-year warranty, 50' x 100' column spacing, 38 dock doors, and 2 grade-level doors, on 26 acres of land. The lease has 4 x 5 year options. Please contact listing brokers for full offering memorandum.
Location Description:
The property is located in Pontiac, Oakland County, Michigan. Pontiac is conveniently located close to Detroit, Flint and Ann Arbor. Pontiac is the County Seat of Oakland County and is home to several major manufacturing plants. As the hub for Automation Alley, you will find the Chrysler World Headquarters and the General Motors Technology Center nearby.
| No. Stories: | 1 | Parking Ratio: | 0.83 / 1,000 SF |
| No. Dock High Doors: | 38 | No. Grade Level Doors: | 2 |
| Fenced Yard: | Yes | Power is available: | Yes |
| Sprinklers: | Yes | | |
|
|
|
|
|
|
|
| • | Located in the Centerpoint Business Park and within 2,000 feet of the GM Plant | • | 300 parking spaces (0.83/1000) with automobile parking isolated from truck traffic |
| |
| • | 80,000-pound dock levelers | • | Site is completely enclosed by fencing and has security system at all doors |
| |
| • | Tenant is subsidary of one of the 500 largest privately held companies ranked by Forbes | • | Over $1,000,000 invested by tenant for equipment & infrastructure |
|
|
| Net Operating Income: | $2,211,888 |
|
|
|
|
|
|
| Debt & Equity Information |
|
No Debt & Equity Information Provided
|
|
|
|
|
1/10/2008
|
|
| The information above has been
obtained from sources believed reliable. While we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial, and legal advisors. You and
your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for
your needs.
|
| |
| |
|
|