For Auction
Two Tenant | NNN Industrial
Detroit, MI 48210Represented by
Bracket Real Estate, Inc.
Asset Snapshot
Offering Summary
Investment Highlights
- 36,000 SF 2-story, income producing warehouse
- In-place $264,000 annual income
- 19’ - 28’ Clear Height
- (3) Grade Level Doors and (3) Truckwells
- 2,000 Amps, 240 Volts, 3-phase Power
- Green Zone Approved; 3 Parcels
Offering Summary
Bracket Real Estate presents the opportunity to acquire 3245 Hubbard St., Detroit, Michigan, a 36,000 square foot, two-story warehouse distribution building. Strategically positioned to facilitate efficient logistics and business operations. Nestled in the heart of Detroit, Michigan, this property enjoys a strategic location with easy access to major highways, facilitating seamless distribution networks and logistical operations. Currently housing two tenants, the warehouse has been divided with built walls to ensure seamless operations and privacy. The ground floor hosts a dynamic layout, accommodating a variety of functions including storage, manufacturing, and distribution. Renovations have expanded the facility to include office space and an additional bathroom, catering to the specific tenant’s needs. Facilitating smooth operations, the warehouse features three roll-up doors, with two situated at the front boasting heights of approximately 14 feet, and one conveniently located on the side. This accessibility ensures efficient loading and unloading. The property underwent a partial roof repair in 2014.In 2019, heavy-duty windows were installed, enhancing security and energy efficiency. Powering operations with reliability, the building is supplied with 3-phase electricity, with a capacity of 2000 amps. Additionally, a generator was strategically added in 2017, offering backup power support to mitigate disruptions during unforeseen outages. Keeping pace with modern demands, the property is equipped with a dispatch antenna system installed on the roof, enhancing communication capabilities for efficient coordination of logistics and operations. With ceiling heights ranging from 19 to 28 feet, the warehouse offers ample vertical clearance, accommodating various storage configurations and equipment requirements.
Due Diligence
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Platform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
