Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1470 McMillan Road in Owosso, Michigan, occupied by the owner, Clark Engineering Inc. The subject property consists of approximately 41,880 square feet of manufacturing space and is situated on five acres of land. The single-tenant asset features a clear height of 22’, three grade-level doors, heavy three-phase power, and metal roofing. Specialized equipment includes multiple knuckle presses with a capacity ranging from 50 tons to 600 tons. Located in proximity to Michigan Highway 52 and the Owosso Community Airport, the property sits about 30 miles from both Lansing and Flint. Upon the sale of the property, Clark Engineering plans to sign a 10-year sale-leaseback at $5.21 per square foot with above-market three percent annual escalations. Founded in 1946, Clark Engineering specializes in custom manufacturing of metal rod, wire, and tube products, serving industries such as automotive, lawn and garden, industrial, and medical. The specialized equipment installed by Clark Engineering at the subject property gives the company a strong incentive to remain an occupant for the long term. Lansing’s socio-economic landscape is anchored by three major pillars: state government, Michigan State University (MSU), and General Motors (GM). As Michigan’s capital, Lansing’s largest employment sector is government, with over 14,000 jobs tied to state operations, shaping the city’s economy and supporting downtown businesses. MSU, located in East Lansing, employs nearly 10,000 staff and educates more than 50,000 students, contributing an estimated $3.7 billion annually to the local economy while fostering a highly educated workforce. GM’s offices and manufacturing plants maintain Lansing’s historic role in the auto industry, providing thousands of jobs and supporting regional economic stability (Marcus & Millichap).