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21001 Van Born Rd

415,606 SF Office Building Taylor, MI 48180 $4,950,000 ($12/SF)

Executive Summary

The subject property is currently 100% leased to Ford Motor Company (NYSE: F), a multinational automotive manufacturer, whose lease agreement runs through June 30, 2027. Ford Motor Company initially signed a 10 - year lease, with two 5- year options for the purpose of housing their large-scale IT services operation for which Ford fully upgraded and modernized the buildings IT and telecommunications infrastructure at that time. Ford has since vacated the building to back fill recent new developments within its downtown Detroit and nearby Dearborn world headquarters.
As a result, the following opportunities are immediately available:
• Sub-lease the building at below market rates (initial term through 6/30/27 w/ two 5 -year options)
• Re-cast the existing lease directly with the Landlord at a favorable market rate in order to address your company’s unique needs and requirements.
• Purchase the property (vacant) at a price well below replacement cost.***
• Purchase the property as an investment (with the Ford lease) at a favorable market rate of return and well below the properties replacement cost.***
• Work with Landlord/Developer to reposition the property as a BTS for lease or sale as warehouse/distribution, R & D flex or manufacturing.
[*** The property may be purchased together with the adjacent property, 21111 Van Born Road, a 149,849 SF warehouse building situated on 12.67 acres with 676 parking spaces. 21111 Van Born Road is also 100% leased to Ford Motor Company with coterminous lease terms and below market lease rates. The building and site are both ideally situated and appropriately zoned for redevelopment.]

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
415,606 SF
Building Class
B
Year Built
1966
Price
$4,950,000
Price Per SF
$12
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
103,901 SF
Building FAR
0.51
Lot Size
18.75 AC
Opportunity Zone
Yes
Zoning
I-1 - Light Industrial
Parking
726 Spaces (1.75 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 415,606 SF
  • Office
  • Full Build-Out
  • Jun 2027

415,606 SF office building. Year built: 1966 I Years renovated: 1989 and 2003. 4 standard elevators and 1 freight elevator. 3 transformers throughout building. Onsite amenities include and auditorium, wellness and fitness center and a full-service café. Outdoor space with several courtyards and a tennis and basketball court. Excellent corporate HQ, high quality and low cost Call Center, processing center or back office.

Space Size Space Use Condition Available
1st Floor 415,606 SF Office Full Build-Out Jun 2027

1st Floor

Size
415,606 SF
Space Use
Office
Condition
Full Build-Out
Available
Jun 2027

1st Floor

Size 415,606 SF
Space Use Office
Condition Full Build-Out
Available Jun 2027

415,606 SF office building. Year built: 1966 I Years renovated: 1989 and 2003. 4 standard elevators and 1 freight elevator. 3 transformers throughout building. Onsite amenities include and auditorium, wellness and fitness center and a full-service café. Outdoor space with several courtyards and a tennis and basketball court. Excellent corporate HQ, high quality and low cost Call Center, processing center or back office.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
60-002-99-0001-701
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,836,900
  • Listing ID: 34293171

  • Date on Market: 12/26/2024

  • Last Updated:

  • Address: 21001 Van Born Rd, Taylor, MI 48180

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