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Reuland Electric 4500 E Grand River Ave 60 293 pi² Industriel Immeuble Howell, MI 48843 7 563 091 $ CAD (125,44 $ CAD/pi²) 8,50% Taux de capitalisation



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FAITS SAILLANTS DE L'INVESTISSEMENT
- 15-Year Absolute NNN with 2.5% annual rent bumps.
- Desirable Howell, MI Real Estate at an Attractive Basis.
- The global electrical motor market is valued at $145 billion in 2024 and projected to reach $258 billion by 2032, a CAGR of 7.52%.
- Mission Critical Facility.
- Reuland has evolved over 85 years as a well recognized leader in high performance electric motors.
RÉSUMÉ DE L'ANNONCE
Fortis Net Lease is present a unique investment opportunity for qualified investors: the Reuland Electric Co. manufacturing facility, located at 4500 E Grand River Ave., Howell, MI. This 60,293 SF property will be 100% leased to Reuland Electric Co. (the “Tenant”) under an Absolute NNN lease structure with an initial 15-year term and 2.5% annual rent escalations, offering a stable and attractive long-term investment.
The facility is ideally positioned directly off Grand River Avenue, the most heavily traveled thoroughfare in Livingston County, ensuring exceptional visibility and accessibility. It is located 55 miles from Detroit, MI—the automotive capital of the world and home to numerous "Big 3" suppliers—placing the tenant in close proximity to key industry players. Additionally, the property is just 40 miles from Lansing, MI, the state capital, where many policies and regulations driving the push toward electrification will be established. This strategic location places Reuland Electric at the heart of both manufacturing and legislative activity, fostering growth and industry influence.
Founded in 1937, Reuland Electric has a long-standing reputation for excellence in electric motor manufacturing, employing 200 people across its operations. The company produces motors for diverse applications and specialty markets, including military, industrial, elevator, cranes, and moveable bridges, dams and other applications requiring large, powerful motors with unique performance specifications. Reuland does not produce low margin motors for the automotive industry. Reuland engineers and produces over 50 distinct product lines, each tailored to meet the most demanding applications. Reuland motors are virtually 100% made in the USA, setting Reuland apart and well positioned for miliary and infrastructure projects.
The facility is ideally positioned directly off Grand River Avenue, the most heavily traveled thoroughfare in Livingston County, ensuring exceptional visibility and accessibility. It is located 55 miles from Detroit, MI—the automotive capital of the world and home to numerous "Big 3" suppliers—placing the tenant in close proximity to key industry players. Additionally, the property is just 40 miles from Lansing, MI, the state capital, where many policies and regulations driving the push toward electrification will be established. This strategic location places Reuland Electric at the heart of both manufacturing and legislative activity, fostering growth and industry influence.
Founded in 1937, Reuland Electric has a long-standing reputation for excellence in electric motor manufacturing, employing 200 people across its operations. The company produces motors for diverse applications and specialty markets, including military, industrial, elevator, cranes, and moveable bridges, dams and other applications requiring large, powerful motors with unique performance specifications. Reuland does not produce low margin motors for the automotive industry. Reuland engineers and produces over 50 distinct product lines, each tailored to meet the most demanding applications. Reuland motors are virtually 100% made in the USA, setting Reuland apart and well positioned for miliary and infrastructure projects.
FAITS SUR LA PROPRIÉTÉ Sous contrat
| Prix | 7 563 091 $ CAD | Aire du bâtiment louable | 60 293 pi² |
| Prix par pi² | 125,44 $ CAD | Nombre d’étages | 1 |
| Type de vente | Investissement pour loyer hypernet | Année de construction | 1952 |
| Taux de capitalisation | 8,50% | Location | Unique |
| Type de propriété | Industriel | Ratio de stationnement | 0,66/1 000 pi² |
| Sous-type de propriété | Manufacture | Effacer hauteur du plafond | 16’ |
| Classe d’immeuble | C | Nbre de quais à portes élevées/de chargement | 3 |
| Taille du lot | 8,83 AC | Nbre d’entrées dans les portes/au niveau du sol | 2 |
| Zonage | M-1 - Industrielles | ||
| Prix | 7 563 091 $ CAD |
| Prix par pi² | 125,44 $ CAD |
| Type de vente | Investissement pour loyer hypernet |
| Taux de capitalisation | 8,50% |
| Type de propriété | Industriel |
| Sous-type de propriété | Manufacture |
| Classe d’immeuble | C |
| Taille du lot | 8,83 AC |
| Aire du bâtiment louable | 60 293 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1952 |
| Location | Unique |
| Ratio de stationnement | 0,66/1 000 pi² |
| Effacer hauteur du plafond | 16’ |
| Nbre de quais à portes élevées/de chargement | 3 |
| Nbre d’entrées dans les portes/au niveau du sol | 2 |
| Zonage | M-1 - Industrielles |
COMMODITÉS
- Terrain clôturé
- Affichage
Impôts fonciers
| Numéro de lot | 11-09-200-043 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 2 182 220 $ CAD |
Impôts fonciers
Numéro de lot
11-09-200-043
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
2 182 220 $ CAD
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Reuland Electric | 4500 E Grand River Ave
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