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Browse More Listings in Office For Sale, Dearborn, MI or Michigan

Office Property For Sale

Office - 10% Cap - OWC

15303 S. Commerce Drive, Dearborn, MI 48120

Price:
$6,089,310
Building Size:
57,600 SF
Price/SF:
$105.72
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with 8 years left on lease
Cap Rate:
10%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Year Built:
1987
Find Out More...

Last Verified 10/19/2009 Listing ID 16389232

Highlights

Remaining lease term of 9 years from January 1, 2008.
Tenant has two (2) 10-year renewal options at 90% of fair market rent.

Absolute NNN investment.

Description

Two single story office buildings comprising 57,600 square feet located within the Fairlane Master Planned Development in Dearborn, Michigan. 100% occupied by Ford Motor Company's engineering and design operations. Absolute NNN investment. Tenant is responsible for all operating and capital expenses.

Fairlane is located in the city of Dearborn and is bisected by and adjacent to two major freeways M39 and I94. It is 9 miles from downtown Detroit and 12 miles from Detroit Metropolitan Airport, and serves as the premier business, retail, residential and recreational community for southeastern Michigan. Fairlane comprises 2,360 acres surrounding Ford Motor Company' s world headquarters with approximately 1,800 acres in Dearborn, and the balance in neighboring Allen Park. In Fairlane, Ford Land owns, leases and manages more than 5 million square feet of property, including office, research and development, and light industrial facilities.

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Net Operating Income
$608,931

Tenant	SF Occupied	Lease Expired
Ford Motor Company	57,600	12/1/2016

Map of 15303 S. Commerce Drive, Dearborn, MI 48120 (Wayne County)

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Presented by

KW Commercial

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Contact Listing Broker

David Meir (818) 657-6570

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Created 9/10/2009

Additional Information for 15303 S Commerce Drive, Dearborn, MI 48120

Active For Sale - 2 Listings
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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806 OAKWOOD BLVD
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15303 Commerce Drive
$8.50/SF/Year
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - Office - 10% Cap - OWC

15303 S. Commerce Drive, Dearborn, MI, 48120