Value Add Opportunity: 133,332 SF Warehouse in Warren
25800 - 25840 Sherwood Ave
Warren, MI 48091
Highlights
- 133,332 SF building on 8.95 acres
- Pro Forma Cap Rate: 11.9% | Pro Forma NOI: $902,358
- Current Cap Rate: 8.3% | Current NOI: $620,216
- 21 bay doors (16 docks), 2,000-plus amps, up to 26’ ceilings
- Leased through December 2026 w/ 3% annual bumps
- Low vacancy industrial market
- Close to I-696 & major manufacturers
- Vacant offices could be demoed for warehouse
Description
Excellent opportunity to purchase a 133,332 SF warehouse/distribution building located in a heavy industrial area with low vacancy. The building is currently 78% leased. The 103,550 SF warehouse features 40 x 40’ column spacing, five (5) overhead doors, sixteen (16) truckwells, heavy power, exhaust fans, sprinklers, and LED and fluorescent lighting. 44% of the warehouse’s ceiling height is 26’ and 42% is 16’. There is also a 29,832 SF office area (10,000 SF with a higher ceiling) and a large surface parking lot to accommodate 300 vehicles. The current tenant’s lease expires Dec. 2026 with 3% annual increases and no option to renew.
Strategically located in Warren, MI, next to a rail, this heavy industrial hub offers proximity to major highways including I-696 and I-75. With a strong industrial presence, the area offers a skilled labor force and a supportive business community, bolstered by nearby assets such as the General Motors Technical Center. US Army Tank Command, several Chrysler Stellantic facilities, and Macomb Community College.
