X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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

PLYMOUTH TOWNSHIP, MI-Detroit-based RMCH Investment Co., doing business under the name Ramchargers Automotive Centers, has sold its 36,760-sf main distribution center to a local investor/entrepreneur for $2.05 million.

According to Rob Hughes of Colliers International’s Southfield office, Ramchargers, which has ceased operations in the Detroit area, is selling off its assets and properties, of which the distribution center was one.

The 1989-built property, which was originally listed at an asking sales price of $2.28 million, is located at 9030 General Dr. Part of the property, totaling approximately 9,600 sf, is currently leased. Ramchargers Automotive Centers provide parts and accessories for automobiles.

“This was on the market for about 60 days and with the first best offer, we took the deal,” says Hughes, who represented the seller in the transaction. Colliers colleague Andrew Stylianou represented the buyer, who will likely use the property for his business.

Hughes tells GlobeSt.com that, the company has three remaining assets in the area for sale; a 4,500-sf warehouse/distribution property at 4764 Dixie Hwy. in Waterford; 9,800-sf of warehouse space at 36564 Plymouth Rd. in Livonia; and an 8,100-sf industrial warehouse at 12480 Allen Rd. in Taylor. The properties are available separately, or as a portfolio.

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?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.