NNN Detroit Industrial

3245 Hubbard Street, Detroit, MI

Market Price

Price

$264,000

NOI

36,000 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$264,000
Building Size
36,000 sqft
Floors
2
CeilingHeight
19
Description

RI Marketplace Online Auction June 24-26, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1937/detroit-industrial?utm_source=brevitas&utm_medium=listing&utm_campaign=industrial_1937


Bracket Real Estate presents the opportunity to acquire 3245 Hubbard St., Detroit, Michigan, a 36,000 square foot, two-story warehouse distribution building. Strategically positioned to facilitate efficient logistics and business operations. Nestled in the heart of Detroit, Michigan, this property enjoys a strategic location with easy access to major highways, facilitating seamless distribution networks and logistical operations. Currently housing two tenants, the warehouse has been divided with built walls to ensure seamless operations and privacy. The ground floor hosts a dynamic layout, accommodating a variety of functions including storage, manufacturing, and distribution. Renovations have expanded the facility to include office space and an additional bathroom, catering to the specific tenant’s needs.

Facilitating smooth operations, the warehouse features three roll-up doors, with two situated at the front boasting heights of approximately 14 feet, and one conveniently located on the side. This accessibility ensures efficient loading and unloading. The property underwent a partial roof repair in 2014.In 2019, heavy-duty windows were installed, enhancing security and energy efficiency. Powering operations with reliability, the building is supplied with 3-phase electricity, with a capacity of 2000 amps. Additionally, a generator was strategically added in 2017, offering backup power support to mitigate disruptions during unforeseen outages. Keeping pace with modern demands, the property is equipped with a dispatch antenna system installed on the roof, enhancing communication capabilities for efficient coordination of logistics and operations. With ceiling heights ranging from 19 to 28 feet, the warehouse offers ample vertical clearance, accommodating various storage configurations and equipment requirements.

Jerry Helmer, Auctioneeer
c/o Fisher Auction Company Inc.
License: 6504064915

Highlights
  • 36,000 SF 2-story, income producing warehouse
  • In-place $264,000 annual income
  • 19’ - 28’ Clear Height
  • (3) Grade Level Doors and (3) Truckwells
  • 2,000 Amps, 240 Volts, 3-phase Power
  • Green Zone Approved; 3 Parcels
Documents
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Location
Gallery