Prime Industrial for Sale in Dexter

Industrial for Sale
Sale Pending
Catylist Listing ID: 30466438
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 144,300 SF
Gross Land Area: 23.06 Acres
Sale Price: $4,700,000
Unit Price: $32.57 PSF
Ceiling: 30 ft. / 28 ft. Clear
Docks/Doors: 8 Docks, 1 Door
Office SF: 37,000 SF
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Building Name: Sheridan Books Building
Usable Size (USF): 144,300 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

Well maintained, 144,300 sf manufacturing, warehouse and distribution facility for sale offers a great opportunity for growing or established company. Facility is situated on 23 acres and is located in Washtenaw County with Webster Township taxes, Dexter address and just nine miles from downtown Ann Arbor.

Approximately 107,000 SF of manufacturing warehouse space all of which is fully air conditioned. High Bay ceiling from 21-30 FT and Low Bay from 14-22 FT. Building has eight loading docks and one 16' x 16' grade level overhead door. 13,200 amp, 480/208 volt, 3 phase power, compressed air, upgraded LED lighting and wet sprinkler system. Warehouse has several floor drains and water/sink areas. Storage shed and chemical storage cages in the rear of building.

Approximately 37,000 SF of office space on two levels. Office area features lots of natural light, auditorium for training or events, workout room, two elevators, multilevel main entry/reception area, lots of private offices, multiple conference rooms, nine restrooms (some with showers), multiple kitchen areas, large open bullpen collaboration area, municipal water/sewer and fiber optic internet available.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Webster Township
Tax ID/APN: C -03-32-300-010, 08-03-32-390-007
Property Located Between: Mast Road and Huron River Drive
Highway Access: I-94, M-14 and US-23
Airports: DTW, Ann Arbor, Willow Run
Site Description: Situated on 23 acres, the property is located on Joy Road, east of Mast Road and north of Huron River Drive. The main facility fronts Joy Road and has a storage shed and chemical storage cages in the rear of building.
Area Description: Dexter is conveniently located approximately 15 minutes from downtown Ann Arbor. The site is 4 miles north of I-94 with access via Baker and Zeeb Road interchanges. Other accessible areas include Chelsea, Whitmore Lake, Pinckney, and Scio Township. Originally settled in the 1820s and 1830s, the City of Dexter is located in Southeast Michigan, along the banks of the Huron River and Mill Creek. Residents and visitors can enjoy a day on a river, walking along nature trails, or biking on the County Border-to-Border trail, stopping in our historic downtown for lunch and some shopping. Cultural activities include a local theater, historical museum, summer concerts, ice skating in the winter, festivals, and simply playing in the parks. With access to business and industrial properties along Jackson Boulevard and an easy 15 minute drive to downtown Ann Arbor, Dexter’s businesses and retail connect to the greater Washtenaw County network with ease.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 107,000 SF
Property Condition: Excellent
Year Built: 1995
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Total Parking Spaces: 90
Passenger Elevators: 1
Freight Elevators: 1
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 1,600
Volts: 208
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Other
Internet Access: Fiber Optic
Zoning Description: Section 9.40 Industrial District (I) A. Intent. This district is established to provide for manufacturing, research and high technology uses of a restricted, light industrial nature and non-manufacturing services. Uses and developments in this district must balance the need for employment with the rural character of the Township. Industrial developments are intended to incorporate design techniques that are compatible with the rural residential character of the surrounding area. Industrial Districts are intended to be located in those areas of the Township designated for that use in the Master Plan. B. B. Permitted Uses. i. Agriculture Sales, Equipment, Repairs, Supplies. ii. Automobile Repair Facility: Major and Minor. iii. Contractor’s Establishment. iv. Distribution Center. v. Dry Cleaner vi. Educational facility. vii. Food Processing Plant. viii. Landscaping Contractors. ix. Laundromat x. Manufacturing. xi. Mobile Home Sales, Repairs. xii. Monument Sales. xiii. Open Air Business xiv. Pilot plant operations and testing activities. xv. Police, Fire, Ambulance Station. xvi. Storage Facility. xvii. Uses primarily engaged in research activities, including research laboratories, developmental laboratories, and compatible light manufacturing such as, but not limited to, the following: biochemical, chemical, electronics, film and photography, medical and dental, metallurgy, pharmaceutical, or X-ray. xviii. Headquarters of business offices for commercial and industrial uses that conduct the principal firm’s activity outside of the district. xix. Uses primarily engaged in the manufacture, research assembly, testing and repair of components, devices, equipment and systems, and parts and components, involving the following items: coils, tubes, semiconductors, communication, navigation, guidance and control equipment, data processing equipment, including computer software, glass edging and silvering equipment, graphics and art equipment, metering equipment, radio and television equipment, radar, infrared, and ultraviolet equipment, optical devices and equipment, or filling and labeling machinery. xx. Uses primarily engaged in the manufacturing, processing, and/or assembly of the following or similar products: food products, apparel and finish products from Article 9 Page 24 textile products, furniture and fixture products, chemical and allied products, plastic and rubber products, stone, clay, and glass products, fabricated metal products, or professional, scientific, controlling, photographic, and optical products or equipment. xxi. Uses engaged in service industries or those industries providing service to, as opposed to the manufacture of a specific product, such as the repair and maintenance of appliances or component parts, tooling, printers, testing shops, small machine shops, and shops engaged in the repair, maintenance and servicing of such items. xxii. Uses involving industries engaged in the distribution and/or storage or warehousing of products relating to the permitted uses. xxiii. Uses engaged in blueprinting, photocopying, photoengraving, printing, publishing, and bookbinding. xxiv. Uses primarily engaged in administrative and professional offices, but limited to: (i) offices that are associated with any permitted business use, or, (ii) offices that do not attract nor are primarily dependent upon business customers visiting the office. xxv. Veterinary Clinic and Animal Hospital. xxvi. Warehousing. xxvii. Other uses clearly similar in nature and compatible with the listed permitted uses in this district xxviii. Accessory uses and structures when related and incidental to a permitted use such as, but not limited to, food preparation, food service, eating facilities, and auditoriums to serve employees and storage, service, and maintenance facilities, provided all materials are stored inside a closed building.
Lot Frontage: 1754
Lot Depth: 968
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: REWRITE PER SURVEY 12/05/2003 WE 32-17B PCL " 6 " COM AT S 1/4 COR SEC 32, TH NORTH 739.20 FT, TH S 88-48-43 W 172.78 FT TO A POB, TH CONT S 88-48-43 W 152.60 FT, TH S 36-14-40 W 345.30 FT. TH N 49-23-24 W 437.58 FT, TH N 86-26-04 W 618.97 FT, TH N 33-06-55 E 1155.64 FT, TH S 38-19-02 E 1082.35 FT, TH S 01-31-17 E 160.47 FT TO THE POB. PT OF SW 1/4 SEC 32, T1S-R5E. 18.06 AC. REWRITE PER SURVEY 12/05/2003 DV 1W-6 PCL "7" COM AT S 1/4 COR OF SEC 32, TH NORTH 79.20 FT TO A POB, TH CONT NORTH 660.00 FT, TH S 88-48-43 W 325.38 FT, TH S 36-14-40 W 345.30 FT TO C/LN OF HWY, TH S 49-23-24 E 697.44 FT, TH NORTH 79.20 FT TO THE POB, PT OF SW FRL 1/4 SEC. 32, T1S R5E. 5.52 AC.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,768 9,123 35,629
Median Age: 40.61 41.1 41.93
Households: 1,375 3,433 13,673


Photograph of Listing Agent

Michael L. Jurgenson, CCIM

Swisher Commercial CPIX Member
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