Search
 

Ashley Capital Sells 477,000-SF Industrial Facility

CANTON, MI-Ashley Capital, LLC sells an industrial facility at 47440 Michigan Ave. to Tianz Inc. The industrial building will facilitate the growth of Chinese auto supplier/manufacturer, Century Auto Manufacturing.

By Dana Dubriwny | Updated on November 22, 2005

(To read more on the industrial market, click here.)

CANTON, MI-Ashley Capital, LLC recently sold the 477,000-sf industrial facility at 47440 Michigan Ave. to Tianz Inc. The industrial building will facilitate the growth of Chinese auto supplier/manufacturer, Century Auto Manufacturing. The facility will be used for sale, engineering and warehousing of automotive parts. Rents in the building average $4.75 per sf.

In 1997, Ashley assembled three parcels of land in Canton at the corner of Michigan Avenue and Beck Road west of Interstate 275–the purchase was completed as a 1031 exchange. According to Ashley, the three parcels assembled for this project were zoned rural residential but were directly in the path of commercial and residential growth.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.