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47700 Halyard DrPlymouth, MI 48170
Nustep
Asset ClassIndustrial
Weighted Average Lease Term11 Years
Rentable SF: 106,074Year Renovated: 2022Access Data Room
Single-Tenant Sole Production Facility & Corporate HQ | Over 11 Years of Term Remaining | Superior Quality Asset Renovated in 2022
overview of deal

Overview

Institutional Property Advisors (IPA), a division of Marcus & Millichap, is pleased to present the opportunity to acquire a ±106,074-square-foot mission-critical corporate headquarters and sole production facility located at 47700 Halyard Drive in Plymouth, Michigan (the “Property” or “Asset”), within the greater Detroit MSA.

 

The Property is fully occupied by NuStep, LLC (“NuStep” or the “Tenant”) and was extensively renovated in 2022 to support its corporate headquarters and production operations. NuStep’s execution of a new 15-year lease term, extending through July 2037, underscores its long-term commitment to the location.

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Investment Highlights

CORPORATE HQ & MAIN PRODUCTION FACILITY

  • The Asset serves as NuStep’s business-critical corporate headquarters and primary production facility, centralizing leadership, design, and manufacturing operations within a single purpose-built location essential to daily operations
  • Completed in 2022, the relocation and renovation expanded production capacity and enhanced workflow efficiency, positioning the facility to support long-term organizational growth
  • The Asset is integral to supporting NuStep’s global customer base across healthcare, senior living, rehabilitation, and fitness sectors, reinforcing its importance to the Tenant’s productivity and competitive positioning

STATE-OF-THE-ART REDEVELOPMENT FOR NUSTEP

  • Full Exterior Repositioning with new façade system, refreshed block finishes, and upgraded landscaping
  • Manufacturing-Ready Improvements including thickened slab sections and dedicated shipping/parts infrastructure
  • Modern Office & Showroom Renovation featuring updated lobby finishes, new showroom, and refreshed office interior
  • Enhanced Tenant Amenities with upgraded wellness facilities and dual-shower installations

DESIRABLE BUILDING FUNDAMENTALS

  • Recently renovated facility totaling ±106,074 square feet on ±7.92 acres,
  • Redesigned to support integrated manufacturing, assembly, and corporate operations with high-quality finishes

The first-floor features:

- Dedicated production areas

- Office and conference space

- Employee amenities

- Functional warehouse with ±24-foot clear heights

- Three dock-high doors

- Two drive-in doors

 

  • The second floor offers a fully renovated open-concept office
  • The site is supported by an above-market parking ratio of ±3.44 spaces per 1,000 square feet, accommodating both corporate and production personnel
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47700 Halyard DrPlymouth, MI 48170

Sales Team

Peter Bauman Senior Managing Director602.370.6020pbauman@ipausa.com
David WeinbergSenior Managing Director248.721.0006david.weinberg@marcusmillichap.com
Tivon MoffittSenior Managing Director954.547.7212tmoffitt@ipausa.com
Paul KerberSenior Managing Director248.415.2612paul.kerber@marcusmillichap.com
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