Warehouse
1450 McPherson Park Dr
1450 McPherson Park Dr, Howell, MI 48843
Listing Price: $15,515,000
Investment Overview
Marcus & Millichap is pleased to present 1450 McPherson Park Drive in Howell, Michigan. The asset is an approximately 174,296-square-foot industrial facility located within an industrial park and situated on approximately 16.5 acres of land. There is additional acreage available adjacent to property. The asset is occupied by two tenants: Armaly and Alpha Tech on a Triple-Net lease basis with annual escalations. Alpha Tech just extended their lease an additional five years with another option to extend. Armaly recently expanded their lease to occupy an additional 79,754 square-feet. The steel building boasts over 100+/- parking spaces, 22' clear heights, eight truck docks, and four drive-ins. The building is located on McPherson Park Drive, with access to Interstate 96 and 1.6 miles from the interchange. Additionally, the asset is in proximity to Motorsports Gateway Howell; a mixed-use, multi-phase automotive district that is under construction.
Exclusively Listed By
Listing Price: $15,515,000
Investment Highlights
- Over 174,000 Square Foot Industrial Facility | Eight Truck Docks| Four Drive-Ins
- Approximately 16.5+/- Acres | Additional Acreage Available for Development•
- Triple-Net Leases | Annual Escalations | Minimal Landlord Responsibility
Investment Overview
Marcus & Millichap is pleased to present 1450 McPherson Park Drive in Howell, Michigan. The asset is an approximately 174,296-square-foot industrial facility located within an industrial park and situated on approximately 16.5 acres of land. There is additional acreage available adjacent to property. The asset is occupied by two tenants: Armaly and Alpha Tech on a Triple-Net lease basis with annual escalations. Alpha Tech just extended their lease an additional five years with another option to extend. Armaly recently expanded their lease to occupy an additional 79,754 square-feet. The steel building boasts over 100+/- parking spaces, 22' clear heights, eight truck docks, and four drive-ins. The building is located on McPherson Park Drive, with access to Interstate 96 and 1.6 miles from the interchange. Additionally, the asset is in proximity to Motorsports Gateway Howell; a mixed-use, multi-phase automotive district that is under construction.
Exclusively Listed By
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