International Wheel and Tire Buys MI Asset
The 53,486-square-foot property is located in Farmington Hills, Mich., and features a 21,000-square-foot office component. Friedman Integrated Real Estate Solutions brokered the deal.
By Roxana Baiceanu
23255 Commerce Drive, Farmington Hills, Mich.
International Wheel and Tire owns a new industrial facility in Farmington Hills, Mich. The 53,486-square-foot asset belonged to Korean-based Wooshin North America and features a 21,000-square-foot office component. Friedman Integrated Real Estate Solutions brokered the deal on behalf of the seller.
The multi-tenant property is located at 23255 Commerce Drive and was listed for $3.9 million, according to the property brochure available on Friedman’s website. It was completed in 1999 and features 28-foot clear heights, ESFR fire suppressors, two loading and four grade doors, a five-ton bridge crane, as well as a 158-vehicle parking lot. The site is part of a larger industrial park, which can be easily accessed via interstates 275 and 96. The Detroit Metropolitan Wayne County Airport is approximately 30 miles away.
Senior Vice President Phil Konopitski of Friedman represented Wooshin in the transaction. He has arranged several other transactions in the area, including a 78,065-square-foot industrial property located at 23300 Haggerty Road.
Image courtesy of Friedman Integrated Real Estate Solutions
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