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1301 Silman Street
Ferndale, MI 48220-2600
Asking Price
$1.40M
Asset Type
Manufacturing Industrial
Class
Class B
What's Special
1301 Silman Street, Ferndale, MI 48220-2600 <ul><li>16,792 Total Square Feet</li><li>Built for Heavy Industrial Operations</li><li>Rail Adjacent with Potential Accessibility</li><li>(1) 10-Ton and (2) 5-Ton Cranes</li><li>3 Grade Level Doors</li><li>Located in the Highly Sought-After Ferndale Industrial Corridor with Close Proximity to 8 Mile Road and I-75</li></ul>
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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234
