Colliers International has been retained as exclusive advisor for the sale of the 100% fee interest for 17608 Commerce Drive (the “Property”), a 47,556 SF industrial warehouse building. Located in New Boston, Michigan, the asset offers potential investors an opportunity to acquire a high end, recently leased building in an outstanding warehousing location.
Built in 1992, the Property has been immaculately maintained and includes warehousing space along with a beautiful showroom. The Property has a 22 foot clear height with two (2) 5 Ton cranes and two (2) 3 Ton cranes. The tenant, Cosentino, is a Spanish surfacing conglomerate with over 20 facilities around the globe, fourteen of which are based here in the United States. Cosentino commenced a new 9 year lease in December 2015. The lease is Triple Net, requiring little to no day-to-day management from future owners. Should the tenant vacate, the optimal location of the Property paired with I-275 highway visibility ensures future industrial demand should ownership need to re-tenant the space.
Triple Net Lease with significant remaining term
22’ foot clear height throughout
Class A Buildout for tenants space
