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PROPERTY ADDRESS
46850 Magellan Dr., Novi, MI 48377
PROPERTY INFORMATION
INVESTMENT HIGHLIGHTS
- Future Upside Potential Through Leasing 2,800 Vacant SF
- Tenants Include Advantage Marketing, Mitutoyo, IHI Press, EM-CO and AMEC Foster Wheeler
- 150 Surface Parking Spaces | 19 Foot Ceiling Height
- 1,000-1,200a/220v 3p 3w Heavy Power | 2 Exterior Docks | 8 Drive ins (10’w x 14’h)
INVESTMENT SUMMARY
Fortis Net Lease is proud to present a class “C” flex light manufacturing building in Beck West Corporate Park which is located at 46850 Magellan Drive in Novi, MI. The current tenants are Advantage Marketing, Mitutoyo, IHI Press, EMCO and AMEC Foster Wheeler which have variable lease terms.
The subject property is located in a light industrial area which is centrally located to I-696, I-96 and I-275. It is close to Twelve Oaks Mall, Fountain Walk, West Oaks, Novi Town Center, Main Street Novi Shopping Center and Suburban Collection Showcase. The surrounding area is densely populated with over 120,400 residents within five miles and has a projected 5.03 percent growth rate by 2022. The median home val-ue is over $340,000 within one mile and the average household income within five miles exceeds $101,000.