STNL Industrial Investment Facility For Sale in Holt, MI

• 100% leased to Rush Group Limited
• Below-market rent with 3% annual bumps
• Strong industrial submarket (2.8% vacancy)
• Longstanding tenant (15+ years)

Colliers is pleased to offer for investment sale this 219,877 SF fully leased auto parts distribution center located at 4147 Keller Rd, Holt, MI. This high-quality industrial asset sits on 21.97 acres and presents a compelling opportunity to acquire a fully stabilized, single-tenant, net leased investment with strong cash flow and long-term income security.

The entire facility is leased to Rush Group Limited (d/b/a Dakkota Automotive Systems), an automotive tenant with 15+ year historical occupancy, under a net lease generating an annual net operating income (NOI) of $1,429,200. The lease includes 3% annual rent escalations starting November 1, 2026, and extends through October 31, 2028, with two additional five-year renewal options, providing investors with predictable income and future upside.

The property is being offered at an attractive 8.50% capitalization rate based on the current NOI, resulting in an asking price of $16,800,000. This offering provides investors with immediate yield backed by a strong tenant in a growing submarket with long-term potential.

Holt is strategically located within the Lansing MSA, just 90 miles from Detroit and 220 miles from Chicago. The site benefits from proximity to major population centers and a labor pool of over 194,000 within a 7-mile radius. The Lansing industrial market has a current vacancy rate of 2.8%, with average asking rents of $6.94/SF NNN (per CoStar).

This is a rare opportunity to acquire a stabilized industrial investment with strong in-place income, annual rent growth, and a strategic Midwestern location with modern infrastructure. Please contact a member of the team for additional information.