Friedman Real Estate is proud to announce the successful completion of the NNN leased investment sale of a 22,067-square-foot industrial manufacturing building located at 16777 Wahrman Road in Romulus, Michigan. Broker Ryan Stipp represented both the purchaser and the seller in this $1,749,000 transaction, showcasing Friedman’s expertise in industrial investment sales and dual representation.
About the Transaction
This NNN leased investment sale highlights the strength of the Metro Detroit industrial real estate market, where investor demand for stabilized, income-producing assets remains strong. The property’s long-term lease structure and strategic location make it an attractive addition to the buyer’s portfolio.
Transaction Details:
- Property Type: Industrial Manufacturing
- Building Size: 22,067 SF
- Location: 16777 Wahrman Road, Romulus, MI
- Sale Price: $1,749,000
- Lease Type: NNN (Triple Net)
- Representation: Buyer and Seller
What Makes NNN Investments Attractive?
NNN leased properties are highly sought after by investors for their predictable income streams and minimal landlord responsibilities. Under a triple-net lease, tenants typically cover property taxes, insurance, and maintenance, reducing operational risk for owners. This transaction reflects the continued popularity of NNN investments in the industrial sector.
About the Property
Located in Romulus, Michigan, this industrial manufacturing facility offers proximity to major transportation corridors, including I-94, I-275, and Detroit Metropolitan Airport. Romulus is a key logistics and industrial hub in Southeast Michigan, making it an ideal location for manufacturing and distribution operations.
Why This Sale Matters
The successful closing of this deal underscores several important trends:
- Strong Investor Appetite: Industrial assets with NNN leases remain highly desirable for their stability and long-term value.
- Metro Detroit Market Strength: Southeast Michigan continues to attract industrial investment due to its infrastructure and skilled workforce.
- Friedman’s Expertise: Representing both parties requires deep market knowledge and negotiation skills to ensure a fair and efficient transaction.
Friedman Real Estate: Your Industrial Investment Partner
As one of the Midwest’s leading full-service commercial real estate firms, Friedman Real Estate offers comprehensive solutions across brokerage, property management, construction, and financing. Our industrial brokerage team specializes in investment sales, leasing, and advisory services, helping clients achieve their goals in a competitive market.
Whether you’re looking to acquire an NNN leased property, sell an industrial asset, or expand your portfolio, Friedman Real Estate provides the expertise and resources to guide you through every step of the process.
