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23936 Industrial Park Dr 20,968 SF 100% Leased Industrial Building Farmington Hills, MI 48335 $3,462,275 CAD ($165.12 CAD/SF)
INVESTMENT HIGHLIGHTS
- Lease-back option available with an 8% cap rate.
- Fully renovated 3,000 SF office with modern finishes.
- Heavy power (2000a/480v 3-phase) for industrial operations.
- Option to deliver vacant for owner-user occupancy.
- Upgraded warehouse with LED and solar lighting.
EXECUTIVE SUMMARY
Located within a distinguished industrial park, 23936 Industrial Park Dr presents a rare opportunity to acquire a fully renovated, high-performance asset with immediate access to major highways. This 20,968-square-foot facility sits on 1.10 acres zoned I-1 (Light Industrial), offering a strategic location for logistics, distribution, or manufacturing operations. The property is currently tenant-occupied on a month-to-month lease, generating an 8% cap rate, with the tenant willing to sign a minimum three-year lease at closing. Alternatively, the building can be delivered vacant for owner-users seeking a turnkey headquarters.
The office component spans 3,000 square feet and has been completely renovated down to the studs, featuring modern finishes, furnished workstations, and conference tables. Security and operational efficiency are enhanced by a 32-channel NVR camera system, alarm integration, and real-time access point doors. The warehouse benefits from upgraded commercial fans, LED lighting throughout, and solar-powered exterior illumination. With 16-foot clear heights, one drive-in door, and one exterior dock, the building is well-equipped for flexible industrial use. Heavy power (2000a/480v 3-phase) supports advanced machinery and equipment needs.
This asset is ideal for investors seeking stable income with upside potential or owner-users ready to capitalize on a move-in-ready facility in a high-demand industrial corridor.
The office component spans 3,000 square feet and has been completely renovated down to the studs, featuring modern finishes, furnished workstations, and conference tables. Security and operational efficiency are enhanced by a 32-channel NVR camera system, alarm integration, and real-time access point doors. The warehouse benefits from upgraded commercial fans, LED lighting throughout, and solar-powered exterior illumination. With 16-foot clear heights, one drive-in door, and one exterior dock, the building is well-equipped for flexible industrial use. Heavy power (2000a/480v 3-phase) supports advanced machinery and equipment needs.
This asset is ideal for investors seeking stable income with upside potential or owner-users ready to capitalize on a move-in-ready facility in a high-demand industrial corridor.
PROPERTY FACTS
| Price | $3,462,275 CAD | Rentable Building Area | 20,968 SF |
| Price Per SF | $165.12 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1968/2023 |
| Property Type | Industrial | Parking Ratio | 2/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | A | No. Dock-High Doors/Loading | 1 |
| Lot Size | 1.10 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 - Light Industrial | ||
| Price | $3,462,275 CAD |
| Price Per SF | $165.12 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 1.10 AC |
| Rentable Building Area | 20,968 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2023 |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 - Light Industrial |
AMENITIES
- Security System
- Signage
UTILITIES
- Lighting - LED
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Forbes Co
- Transportation and Warehousing
- -
- -
- -
- Volk Corporation
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Forbes Co | Transportation and Warehousing | - | - | - | ||
| Volk Corporation | Retailer | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 23-30-251-010 | Improvements Assessment | $861,417 CAD |
| Land Assessment | $111,602 CAD | Total Assessment | $973,019 CAD |
PROPERTY TAXES
Parcel Number
23-30-251-010
Land Assessment
$111,602 CAD
Improvements Assessment
$861,417 CAD
Total Assessment
$973,019 CAD
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23936 Industrial Park Dr
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