***Notwithstanding anything to the contrary in the Confidentiality Agreement (*CA*) participants electronically execute to access the due diligence materials for this property, participant agrees that by signing the CA, the CA shall be governed and construed under the laws of the state of Michigan. *** Livonia Executive Park is a portfolio consisting of nine (9) individual properties comprised of Light Industrial, High-Tech, and Flex buildings. The portfolio is located along Industrial and Merriman Road in Livonia, Michigan and consists of approximately 245,372 square feet of net rentable area. Tenant demands for high quality construction in a well-positioned location ensure low vacancy in the coming years and a high cash on cash return. The portfolio is currently 100% leased (97.75% Physical Occupancy). The Seller will master lease and escrow at closing for the sole remaining 5,500 SF vacancy at $8.00psf through the end of 2018. The tenancy consists of many strong credit profiles, including a multitude of major corporate identities such as Ingersoll Rand, MSC Industrial Supply, Armour-Eckrich Meats, and Bright House Networks. Many of these tenants have long histories at their respective property; * Amour-Eckrich Meats (formerly Con-Agra) for over 25 years since 1990 – (31995 Industrial Road) * Datamatics for over 15 years since 2001 – (31572 Industrial Road) * Ingersoll-Rand for over 15 years since 2001 – (13551 Merriman Road) * Forge Industrial Staffing for over 9 years since 2007 – (31572 Industrial Road) * GST Autoleather for over 10 years since 2006 – (31601 Industrial Road) The Portfolio is located just south of I-96, off of the Merriman Road Exit (#175). All 9 properties either neighbor or are adjacent to one another. The assets are near the world headquarters of Ford, Chrysler, GM as well as other Fortune 500 companies looking to take advantage of the Livonia submarket. Detroit Metro Airport is a few miles to the south of the properties along I-275 or Merriman Road. In 2014 the stretch of I-96 through Livonia was completely resurfaced allowing even easier access to the properties. ***Properties Included In The Portfolio Are As Follows*** 31557 Schoolcraft RD 32,410 SF 100% APN:46-105-02-0002-001 31478 Industrial RD 23,930 SF 100% (77.01% Physical Occupancy) APN: 46-105-02-0002-003 31572 Industrial RD 40,446 SF 100% APN: 46-105-02-0002-002/ 46-105-02-0002-004 31601 Industrial RD 32,444 SF 100% APN: 46-105-02-0007-000 31889 Industrial RD 19,700 SF 100% APN: 46-105-02-0011-001 31995 Industrial RD 23,270 SF 100% APN: 46-105-99-0016-003 31555 Industrial RD 40,372 SF 100% APN: 46-105-99-0044-003 13599 Merriman RD 16,400 SF 100% APN: 46-105-02-001-000 13551 Merriman RD 16,400 SF 100% APN: 46-105-99-0044-002
« show less
Industrial Space
© 2008-2024 Rofo.com. All rights reserved.