Catylist ID:
#30855797
| Catylist Listing ID: | 30855797 |
| Property Subtypes: | Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Research & Development |
| Building Size (RSF): | 20,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 3.50 Acres |
| Sale Price: | $2,195,000 |
| Unit Price: | $109.75 PSF |
| Ceiling: | 26 ft. / 24 ft. Clear |
| Docks/Doors: | 4 Doors |
| Office SF: | 4,000 SF |
| Drive In Bays: | 4 Bays |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/28/2023 |
Overview / Comments
|
Updated and well-maintained industrial building perfectly suited for manufacturing, testing and R & D. Located in the Dexter Research Park between Ann Arbor (Main) and Baker Roads. Close proximity to I-94, M-14, US-23, downtown Dexter, Ann Arbor, local amenities and Metroparks. Office area features welcoming lobby, open bullpen work area, private offices, conference room, kitchenette, and front office restrooms. Warehouse is fully air-conditioned, with 24-foot ceiling height, four bay doors (14' x 14', 14', 12', 10'), two cranes (one and three ton), multiple mezzanines, six-inch floor, and a dedicated workshop. Existing air compressor/cleaner included. Abundant three phase, 480 volt power available with 3 bus duct lines. Shop area includes break room and large shop restroom. Cable and fiber optic with WiFi throughout building. Building is fully fire suppressed. 3.5 acre lot provides the ability to double the building square footage. Large parking lot was redone last year and building roof was replaced two years ago. |
Attachments & Media
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $28,025 (Annual) |
| Assessed Value - Total($) | $458,500 (Annual) |
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw W of 23 |
| Taxing Authority: | City of Dexter |
| Tax ID/APN: | 08-08-07-125-042 |
| Zoning: | RD (RESEARCH AND DEVELOPMENT) |
| Property Located Between: | Dexter-Ann Arbor and Baker Roads |
| Highway Access: | I-94, M-14, US-23 |
| Area Description: | The City of Dexter is a vibrant community that has more than doubled in population since 1990. Dexter boasts an active downtown, numerous parks, excellent schools, and a successful business and research complex. Residential areas include the original settlements along the Baker Road, Central Street, and Dexter-Ann Arbor Road corridors. In the past few decades, subdivision and condominium housing has been added to both the eastern and western parts of the City. On November 20, 2014, after a process that spanned eight years, the Village of Dexter officially became the City of Dexter after its Charter, approved by Dexter voters a few weeks prior, was filed with the State of Michigan's Office of the Great Seal. The City of Dexter is home to many thriving restaurants, small businesses and industries, with room to grow for those wishing to locate here. A drive down Main Street to our quaint, historic downtown offers a friendly and inviting shopping experience for residents and visitors of all ages. Downtown Dexter is home to two fantastic parks and many great restaurants, which further enhance your relaxing shopping experience. The Dexter Business and Research Park is located on Dan Hoey Road, just minutes from I-94 and M-14. The Park is served by the City's public water and sewer systems. In addition to the Business and Research Park and the Downtown, there are many retail and service businesses located along Dexter-Ann Arbor Road and Baker Road, minutes outside of our downtown. The City is committed to a great working relationship with our corporate citizens, making the City a terrific place to operate a business, as well as live, work and play. Businesses interested in locating in the City should contact the City Manager. For more information, visit: https://www.dextermi.gov/ |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 20,000 SF |
| Property Condition: | Excellent |
| Roof Type: | Gambrel |
| Construction/Siding: | Block |
| Parking Type: | Surface |
| Parking Description: | New surface parking lot |
| Total Parking Spaces: | 60 |
| Overhead Cranes: | 2 |
| Sprinklers: | Wet |
| Amps: | 4,000 |
| Volts: | 480 |
| X-Phase: | 3 |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Lighting: | LED, Fluorescent |
| Internet Access: | Cable, Fiber Optic |
| Zoning Description: | R-D RESEARCH AND DEVELOPMENT DISTRICT A. Intent: This district is intended for research, development, and industrial uses that encourage and promote a healthy, stable local economy. This district is intended for areas with road, transportation, and utility service availability needed by the allowed uses. This district should be located in the City’s industrial park or areas relatively isolated from incompatible uses, such as residential, and to limit impacts on adjacent uses including the generation of noise, glare, odor, dust, vibration, air and water pollutants, fire, explosive and radioactive hazards, and other harmful or noxious matter. Supplemental standards in this district are intended to provide for appropriate facility design in keeping with the character of the district and the City; and to limit impacts on adjacent properties. B. Use Regulations: Section 10.10 sets forth permitted, accessory and special land uses within the R-D Research and Development District. C. Dimensional Requirements: The following dimensional requirements shall apply to the R-D Research and Development District: see City of Dexter Zoning Ordinance - Article X – 10.06 For more information: https://www.dextermi.gov/government/city_charter_and_ordinance_information.php D. Supplemental District Standards: 1. In addition to those bulk regulations listed in Section 10.06.C, all development shall conform to supplemental bulk regulations listed in Section10.08. 2. Open storage of materials and products on the lots is prohibited. 3. All vehicle access to any lot within an industrial or research and development park shall be constructed or permitted to exit from a park entrance drive. 4. All building and other structures shall be constructed of durable materials, such as face brick, treated concrete, steel, aluminum or other architectural exterior surfaces or equal material, requiring no periodic painting or treatment. All building fronts shall be fifty percent (50%) or more masonry surface including the glass surface. |
| Lot Frontage: | 240 |
| Lot Depth: | 630 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | LOT 42 OF DEXTER BUSINESS & RESEARCH PARK #2. PT NE 1/4 SEC 7, T2S-R5E, 3.50 AC. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,862 | 11,347 | 32,831 |
| Median Age: | 38.99 | 40.51 | 40.84 |
| Households: | 1,944 | 4,421 | 12,594 |
| The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions. |
