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Hesco Building 29770 Hudson Dr 21,443 SF Flex Building Novi, MI 48377 $3,945,479 CAD ($184.00 CAD/SF) 6.50% Cap Rate
Investment Highlights
- 14,000 square feet of upgraded offices and 7,443 square feet of clean shop and testing areas
- Heavy 480 volt, 3-phase power
- Park-like setting on 2.27 acres
- Fully air-conditioned with 20' height and fire suppression throughout
- Concrete storage mezzanine and 4 - 12'x14' overhead doors
- Convenient expressway access
Executive Summary
This state-of-the-art building showcases stunning upgraded finishes and abundant
windows, creating a bright and inviting atmosphere. Nestled in a serene location, it
offers corner exposure and is surrounded by wooded property on the north side. The
custom-designed offices and multiple conference rooms provide a professional and
tailored environment, while open collaborative areas foster creativity and teamwork.
The technology area encompasses labs and anechoic chamber rooms, reflecting a
commitment to innovation. Currently leased at a rate significantly below market value,
this property presents a compelling opportunity for savvy investors seeking a highpotential, tech-focused space.
windows, creating a bright and inviting atmosphere. Nestled in a serene location, it
offers corner exposure and is surrounded by wooded property on the north side. The
custom-designed offices and multiple conference rooms provide a professional and
tailored environment, while open collaborative areas foster creativity and teamwork.
The technology area encompasses labs and anechoic chamber rooms, reflecting a
commitment to innovation. Currently leased at a rate significantly below market value,
this property presents a compelling opportunity for savvy investors seeking a highpotential, tech-focused space.
Property Facts
| Price | $3,945,479 CAD | Rentable Building Area | 21,443 SF |
| Price Per SF | $184.00 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2004 |
| Cap Rate | 6.50% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 10/1,000 SF |
| Property Subtype | Flex Research & Development | Clear Ceiling Height | 18’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 2.27 AC | Cross Streets | Peary Ct |
| Zoning | I1, Novi | ||
| Price | $3,945,479 CAD |
| Price Per SF | $184.00 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 2.27 AC |
| Rentable Building Area | 21,443 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Tenancy | Single |
| Parking Ratio | 10/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 4 |
| Cross Streets | Peary Ct |
| Zoning | I1, Novi |
Amenities
- Bio-Tech/ Lab Space
Utilities
- Water - City
- Sewer - City
- Heating
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 22-04-378-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,512,833 CAD |
Property Taxes
Parcel Number
22-04-378-021
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,512,833 CAD
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Hesco Building | 29770 Hudson Dr
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