22615-22621 Ryan Rd
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22615-22621 Ryan Rd
24,124 SF 79% Leased Industrial Building Warren, MI 48091 $1,350,000 ($56/SF) 6.60% Cap Rate
Investment Highlights
- Close to major freeways
- Long term tenants
- Outdoor fenced storage
Executive Summary
100% leased and well-maintained building in attractive location in Warren. Newer roof installed. Long term tenants. Fenced outdoor storage. Close to major freeways.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$124,512
|
$5.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,512
|
$5.16
|
| Taxes |
$19,643
|
$0.81
|
| Operating Expenses |
$4,730
|
$0.20
|
| Total Expenses |
$24,373
|
$1.01
|
| Net Operating Income |
$100,139
|
$4.15
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $124,512 |
| Annual Per SF | $5.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $124,512 |
| Annual Per SF | $5.16 |
| Taxes | |
|---|---|
| Annual | $19,643 |
| Annual Per SF | $0.81 |
| Operating Expenses | |
|---|---|
| Annual | $4,730 |
| Annual Per SF | $0.20 |
| Total Expenses | |
|---|---|
| Annual | $24,373 |
| Annual Per SF | $1.01 |
| Net Operating Income | |
|---|---|
| Annual | $100,139 |
| Annual Per SF | $4.15 |
Property Facts Under Contract
Amenities
- Fenced Lot
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- All In One Vending
- Wholesaler
- 5,000 SF
- -
- -
- Condor Heating & Cooling
- Construction
- 5,000 SF
- -
- -
- New Wave Machining
- Manufacturing
- 12,000 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| All In One Vending | Wholesaler | 5,000 SF | - | - | ||
| Condor Heating & Cooling | Construction | 5,000 SF | - | - | ||
| New Wave Machining | Manufacturing | 12,000 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Nice clean space
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,000 SF | Industrial | Partial Build-Out | Now |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 5,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Nice clean space
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PROPERTY TAXES
| Parcel Number | 12-13-31-227-036 | Total Assessment | $389,700 |
| Land Assessment | $0 | Annual Taxes | $19,643 ($0.81/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
12-13-31-227-036
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$389,700
Annual Taxes
$19,643 ($0.81/SF)
Tax Year
2024
zoning
| Zoning Code | M-1 (Light Industrial) |
| M-1 (Light Industrial) |
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GTM Realty
22615-22621 Ryan Rd
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