Adjacent to Fortune 500 Companies including: FedEx, Coca-Cola, OReilly, Denso, Visteon, JPMorgan, and General Electric.

Zoned M-1 Light Industrial

All utilities available at the site

The Offering

Friedman Real Estate and RI Marketplace are pleased to present a 6.10 acre highly accessible M-1 zoned industrial development site (the Property) in Van Buren Township, Michigan. The Property is well positioned along I-275, situated less than 1 mile away from the I-275 & Ecorse Road interchange and 1.5 miles away from the I-94 & Haggerty Road interchange.

The Property has excellent visibility along Haggerty Road and is adjacent to Fortune 500 Companies including: FedEx, Coca-Cola, OReilly, Denso, Visteon, JPMorgan, and General Electric. Just 2 miles away from the planned Detroit- Ann Arbor Mobility Corridor and just 7 miles from the American Center for Mobility, the Property is strategically located for autonomous vehicle development.

Van Buren Township is well located within the Airport District of the Greater Metro Detroit Market and is 30 minutes or less from Detroit, Ann Arbor, Dearborn, Wayne, Livonia, Plymouth, Novi, Farmington Hills, Southeld, Detroit Metro Airport, and Willow Run Airport. The Airport District's massive inventory of 55.5 million SF places it among the nation's most sizable industrial submarkets. Logistics properties, including distribution and warehouse space, account for just over 31.6 million SF and, like the broader Detroit area, are the prevalent subtype here. Specialized buildings consisting of manufacturing space account for 22.1 million SF of the local industrial inventory pool.

The surrounding market vacancy rate has compressed downward over the past 12 months and, at 1.3% as of 22Q3, is below the Metro area average of 4.6%. Net absorption over the past year came in at about 1.8 million SF, well over the five-year average. Continued tenant demand in this critical logistics area has helped rents grow by 8.7% over the past 12 months, easily exceeding the 5.7% average annual change over the past decade. Industrial rents in the Airport District run at about $8/SF, roughly in line with the metro average.

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