{"id":1004231226,"date":"2018-05-22T06:00:03","date_gmt":"2018-05-22T14:00:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004231226"},"modified":"2022-12-07T00:32:20","modified_gmt":"2022-12-07T08:32:20","slug":"friedman-sells-mi-industrial-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/friedman-sells-mi-industrial-building\/","title":{"rendered":"Friedman Sells MI Industrial Building"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004231228\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2-Ajax-Drive-Madison-Heights-Mich..png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004231228\" data-attachment-id=\"1004231228\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/friedman-sells-mi-industrial-building\/2-ajax-drive-madison-heights-mich\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2-Ajax-Drive-Madison-Heights-Mich..png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2 Ajax Drive, Madison Heights, Mich.\" data-image-description=\"&lt;p&gt;2 Ajax Drive, Madison Heights, Mich.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;2 Ajax Drive, Madison Heights, Mich.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2-Ajax-Drive-Madison-Heights-Mich..png?w=800\" loading=\"lazy\" class=\"wp-image-1004231228 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2-Ajax-Drive-Madison-Heights-Mich..png\" alt=\"2 Ajax Drive, Madison Heights, Mich.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2-Ajax-Drive-Madison-Heights-Mich..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2-Ajax-Drive-Madison-Heights-Mich..png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2-Ajax-Drive-Madison-Heights-Mich..png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004231228\" class=\"wp-caption-text\">2 Ajax Drive, Madison Heights, Mich.<\/p><\/div>\n<p>Friedman Real Estate has arranged the sale of a 22,000-square-foot industrial building in Madison Heights, Mich. The previous owner, Kam Kam Holdings, sold the property to Ajax Real Estate Holdings, both of them being LLCs. The listing price was $949,000 or $43.1 per square foot, as shown on Friedman\u2019s website.<\/p>\n<p>Previously known as the Madison Athletic Club, the property used to operate as a full service gym. \u201c<em>It is now fully repurposed for specialty food manufacturing and distribution space,<\/em>\u201d said <a href=\"https:\/\/www.commercialsearch.com\/news\/friedman-facilitates-mi-office-park-sale\/\">Associate Steven Silverman<\/a>, one of the brokers who represented the seller in the transaction, in a prepared statement. The other broker involved in the negotiations was Joel Kestenberg, also an associate with Friedman.<\/p>\n<p>Located at 2 Ajax Drive, the facility was completed in 1978 on a 1.7-acre lot and has direct access and exposure off John R Road. The asset features 20-foot ceilings and a parking lot accommodating up to 65 vehicles.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property, which used to be known as Madison Athletic Club and previously operated as a full service gym, is being repurposed for specialty food manufacturing and distribution space.  <\/p>\n","protected":false},"author":1064,"featured_media":1004231228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1495,21748,13,21742],"tags":[40215,42989],"class_list":["post-1004231226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-detroit","category-industrial","category-midwest","category-latest","tag-friedman-real-estate","tag-steven-silverman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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