Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1041 Hurst Road in Jackson, Michigan, leased to Sesame Solar, Inc. The subject property consists of approximately 37,944 square feet of manufacturing space and is situated on 4.08 acres of land. The single-tenant asset features a clear height of 18’, one dock-high door, five grade-level doors, three HVAC units, and 65 parking spaces. Approximately 0.66 acres of industrial outdoor storage space (IOS) is fenced-in along with a maintenance building measuring roughly 1,600 square feet. Recent renovations consist of roof repairs, HVAC repairs, power upgrade, installation of LED lighting, and other building repairs that total over $180,000 in improvements. Located near the interchange between Interstate 94 and M-60 Michigan Highway, the property strategically sits within one mile of the Jackson County Airport. The property is set to be occupied through July 2031 on a triple-net lease at $4.34 per square foot with 2.5 percent annual increases starting in August 2027 and a one three-year renewal option at fair market value. Founded in 2017, Sesame Solar, Inc. manufactures the world’s first mobile mini energy grid (nanogrids) powered by solar panels and green hydrogen.
The subject property is situated within the Jackson County submarket which fully encompasses the Jackson market. At 18.3 million square feet, Jackson’s industrial inventory has experienced little growth over the last two decades, allowing the market to maintain low availability. After experiencing a record amount of industrial demand in 2023, net absorption took a breather last year, contracting by about -23,000 square feet. The addition of 30,000 square feet of new supply helped to marginally increase the industrial vacancy rate by 30 basis points to 2.5 percent, well below the 7.0 percent national average (based on top 50 metros, minimum 10,000 square feet, classes A, B, & C). Despite availability remaining tight, annual rent growth decelerated from 5.4 percent to 2.3 percent in 2024. At the start of 2025, less than 6,000 square feet of industrial space was under construction, keeping demand in the driver’s seat of rents and vacancies for the foreseeable future (CoStar).
With a metropolitan population of just 159,424 residents, (including 30,854 within city limits), Jackson, Michigan may be small but has a rich history. Named after President Andrew Jackson, the city (founded in 1829) stakes its claims as the birthplace of the Republican party when the organization held its first meeting in Jackson on July 6, 1854. Jackson’s economic emergence began with the development of Michigan’s first state prison in 1838, where inmates were used to manufacture a variety of products. At the turn of the 20th Century, the auto industry and corset manufacturing defined Jackson’s economy and the city became home to the nation’s first coney island restaurant. Today, Jackson’s economy has adapted to the times as the world headquarters of CMS Energy but maintains manufacturers Michigan Automotive Compressor, Inc., Eaton Corporation, and Dawn Foods. Jackson offers an affordable cost of living and diverse means of transportation, including the oldest operating train station in America (Wikipedia).
STEVE CHABEN
Michigan Broker of Record
Two Towne Square, Ste. 450
Southfield, MI 48076
Tel: (248) 415-2600
Steven.Chaben@MarcusMillichap.com
License #: 6502387903
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc. © 2025 Marcus &Millichap. All rights reserved. (Activity ID: ZAF0370321)
