50,000 SF Warehouse - Fully Leased, Single Tenant Investment Sale

SALE PRICE: $5,440,000 Martin Commercial Properties is pleased to exclusively offer for sale to qualified investors the opportunity to acquire a single-user industrial asset located at 4808 Empire Way in Delta Township, Michigan. The property totals 50,000 SF, and includes 2,248 SF office and 47,665 SF warehouse space on 4.23 acres. The building was constructed in 2016 for its current occupant and has been well maintained. The property is located in the West Submarket, Greater Lansing’s largest and strongest industrial sector, which averages 3.9% vacancy in a market averaging 10.2% vacancy. The submarket is home to General Motors' Delta Assembly Plant, 3.6 million SF and 2.3 million SF warehouse; over 3 million SF of warehouse/distribution space for Meijer, ±3 million SF of manufacturing/distribution space for Shyft Group, the new 1.1 million SF Amazon distribution center, and the new 2.8 million SF Ultium Cells battery plant. No speculative construction is underway. Furthermore, it offers immediate access to Interstates 96 and 69. 4808 Empire is fully occupied by TFT Global, Inc., a provider of distribution, warehousing, re-work and quality services (www.tftglobal.com). This facility serves as a sequencing center for door panels provided to General Motors Delta Assembly plant which is located only 3 miles from the property. Currently an owner-user, TFT Global has signed a six year lease at the property at $8.00 per square foot, escalated annually by 2%. This coincides with their contract with General Motors. Additionally, they have one, 6-year option to renew, which also mirrors their contract extension with General Motors.

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• https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:1a7b5797-0a5f-40c8-bdb4-b2b782d2f1e9
• https://martincommercial.com/