8655 E 8 Mile Rd

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8655 E 8 Mile Rd

Warren, MI 48089
Asking Price
$5.65M
Asset Type
Storefront Retail
Class
Class B

What's Special

Retail | 77,283 SqFt <ul><li>​54,000sf of paved parking with 126 parking places</li><li>​16 Ft Overhead door with cranes along with 3 truck wells</li><li>​Substantial power at site (5,000-amps)</li><li>​Updated fire suppression system throughout building, newer premium roof</li><li>​Entire back of property is gated including parking</li><li>​Direct access to the City of Detroit</li><li>​Directly across the street from a new multi-million dollar redevelopment.</li><li>​Newer Duro-Last roof on all but showroom (20), S

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NOI
$80,000
Cap Rate
1.42%
DSCR
0.24
Underwater
Cash-on-Cash
-15.07%
Monthly Payment
$27,953.117
Annual Cash Flow
$-255,437.407

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