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5133 Carpenter Rd
Ypsilanti, MI 48197
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Caliber Acquired A Long Term, Successful Collision Repair Business At This Site And Signed A New Lease.
- Nation's Largest Collision Repair Company (1,700+ Locations).
- New Roof in 2023 w/ 20 Year Warranty.
- 2% Annual Rent Increases
EXECUTIVE SUMMARY
Situated in a Dense Industrial Retail Corridor Just Off of Interstate 94 (87,000-Plus Vehicles Per Day) and US-23 (68,600-Plus Vehicles Per Day), Between Downtown Ypsilanti and Ann Arbor | 40 Miles from Downtown Detroit. 2% annual rent increases.
Proximity to a Growing Residential Hub: Multiple New Construction Single-Family Subdivisions Within One Mile of the Subject Property 6.5 Miles from University of Michigan With 51,200 Students, Five Miles from Eastern Michigan University with 15,000 Students and 20 Miles From Detroit Metropolitan Airport Seeing Over 28 Million Passengers in 2022. Caliber Collision is the nation's largest collision repair company with over 1,700 locations in 41 states. This Ypsilanti location is situated strategically near US-23 (37,000+ VPD). Also located in a high populous area with over 131,000+ within a 5 mile radius. This location provides a great piece of property in a prime location of Ypsilanti, MI.
Proximity to a Growing Residential Hub: Multiple New Construction Single-Family Subdivisions Within One Mile of the Subject Property 6.5 Miles from University of Michigan With 51,200 Students, Five Miles from Eastern Michigan University with 15,000 Students and 20 Miles From Detroit Metropolitan Airport Seeing Over 28 Million Passengers in 2022. Caliber Collision is the nation's largest collision repair company with over 1,700 locations in 41 states. This Ypsilanti location is situated strategically near US-23 (37,000+ VPD). Also located in a high populous area with over 131,000+ within a 5 mile radius. This location provides a great piece of property in a prime location of Ypsilanti, MI.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,436 SF
Building Class
C
Year Built
1978
Price
$2,218,752 CAD
Price Per SF
$194.01 CAD
Cap Rate
7%
NOI
$155,331 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.11 AC
Zoning
BI - Business District
PROPERTY TAXES
| Parcel Number | 12-24-200-051 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $836,409 CAD |
PROPERTY TAXES
Parcel Number
12-24-200-051
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$836,409 CAD
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