45300 Mound Rd - Total Sports Complex - Greg Grant Sportsplex 93,000 SF Sports & Entertainment Building Offered at $14,387,255 CAD at a 6.10% Cap Rate in Shelby Township, MI 48317

23,205 square feet available for Owner User/ Investor
Building Size: 43,000 sf Brick Block Building, 16,000 sf Brick Block Building, 23,205 sf Light weight gauge fabric building, 2220 sf Lobby Brick Block Building. Full restaurant and bar adjacent to outdoor volley ball pits. In addition a banquet room for events on site or 3 rd party rental on 7.66 acres.
Additional Land available for expansion of another dome or brick block building.
Mound Rd 1.04 acres frontage as shown on the exhibit 110’ x 412’ Zoned Commercial for sale to a user/ developer. Zoned C 4 will permit gas stations, auto repair facilities and car washes subject to special use permit is available for additional development asking price $975,000 massing plans upon request.
Merrill Rd 2.07 acres frontage as shown on the exhibit 182’ x 489 ’ to be retained by the Seller for future development with access across the subject property. Zoned Light Industrial asking price $425,000 massing plans upon request.
Seller will consider a sale of this land with the Sports Plex adjacent to the outdoor volley ball area for expansion or/and for future training facilities, flex industrial spaces.
Sport Plex includes basketball/ indoor volley ball courts, baseball training, personal fitness gym, soccer, lacrosse fields updated in the past 2 years including but not limited to interior improvements, mechanical, electrical, plumbing, finishes, parking lot and outdoor volley ball courts including a full service bar restaurant adjacent to outdoor volley ball courts. Additional room for sport banquets.
Commercial Use: Warehouse/Industrial/Research and Development/Flex Space/ Commercial.
Year Built: 1974 Completely remodeled 2021 with all new mechanical, plumbing, electrical, parking lot interior exterior improvements and improvements.
Building Construction: Brick Block, Structural Steel, Metal Roof, Fabric with Structural Steel Framing.

Lease: 10 year term sign at closing with 2-5 yr options 3% increases yearly throughout the initial term. Base Rent begins at $634,000 a year.
The Lease is absolute NNN lease with no Landlord responsibility with the exception of the exterior building structure, roof on the brick block buildings.