Rochester Hills Warehouse for rent

Warehouse Description

The Doughty Industrial Group proudly presents 1872 Enterprise Drive, an outstanding single-tenant industrial investment opportunity located in the thriving Rochester Hills, Michigan. Conveniently situated right off the bustling M-59 thoroughfare and within easy reach of I-75, this property boasts exceptional transportation accessibility. Furthermore, its strategic location in Detroit's affluent northern suburbs places it in close proximity to downtown Detroit and both Detroit Metropolitan Airport and Coleman A. Young International Airport, offering unparalleled connectivity.

The property comprises 55,367 square feet of space, meticulously designed to meet the needs of modern industrial users. The warehouse component spans 36,701 square feet, providing ample storage or production space. Additionally, the property features 18,666 square feet of specialized tenant-specific build-out, ensuring suitability for a variety of business operations. One loading dock, three drive-in doors, and impressive 24' clear height further enhance the property's functionality.

Gainwell Technologies LLC, the current tenant, is a highly reputable provider of healthcare cloud technology solutions with a nationwide presence. Their recent lease extension, commencing September 2023, underscores their commitment to the location. Moreover, the lease offers two 5-year renewal options, providing long-term income stability for the investor.

This exceptional offering presents an investment opportunity with a strong income stream. At the current list price of $7,100,000, the net operating income of $413,581 translates into a compelling capitalization rate of 5.83%.

In summary, 1872 Enterprise Drive represents a strategic acquisition for investors seeking a stable and income-generating industrial investment. Its prime location, high-quality construction, and reputable tenant provide confidence in its long-term value and performance.