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1551 Academy St
Ferndale, MI 48220

$7,230,256 USD

Manufacturing For Sale  •  49,630 SF

Property Details

• Property Type Manufacturing
• Total Building Size 49,630 SF
• Lot Size 1.52 AC
• Building Class C
• Year Built 1970
• Cap Rate 9.00 %
• Tenancy Single
• Zoning M-2, General Ind.

0 Transit Score

55 Walk Score

Highlights

Absolute NNN Lease with Annual Increases

Best-in-Class Operator

Dominant Michigan Cannabis Operator

Growing Industry

Top U.S. Cannabis Market

Vacation Destination & Tourism

Property Flyers

View OM

Cap Rate:

9.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Gage Dispensary

Public Transportation

Commuter Rail	Drive	Walk	Distance
Royal Oak Amtrak (Wolverine - Amtrak)	9 min	-	3.3 mi
Detroit (Wolverine - Amtrak)	13 min	-	8.1 mi
Airport	Drive	Walk	Distance
Windsor International	38 min	-	20.0 mi
Detroit Metro Wayne County	42 min	-	29.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes