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Magna Electronics 26360 American Dr 183,389 SF 4-Star Flex Building Southfield, MI 48034 $45,000,000 ($245.38/SF) 7.72% Cap Rate
Investment Highlights
- ABSOLUTE NNN | 8.3-YEARS REMAINING | 2% ANNUAL RENT INCREASES
- VALUE-ADD EXPANSION OPTION | ± 1.36 AC
- EXCELLENT ACCESSIBILITY TO DETROIT & GREATER MICHIGAN | ± 279,000 VPD
- MISSION CRITICAL OPERATIONS | KEY WORKFORCE
- RAPID M&A ACTIVITY | HIGH GROWTH POTENTIAL
- VERSATILE SUBJECT PROPERTY
Executive Summary
Exclusively Listed By:
Chris Guida | Director | 917.451.8294 | cguida@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
In association with Kristen Zimmerman | MI License #: 6504411293
Chris Guida | Director | 917.451.8294 | cguida@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
In association with Kristen Zimmerman | MI License #: 6504411293
Property Facts
| Price | $45,000,000 | Lot Size | 10.47 AC |
| Price Per SF | $245.38 | Rentable Building Area | 183,389 SF |
| Sale Type | Investment NNN | No. Stories | 4 |
| Cap Rate | 7.72% | Year Built | 2019 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Flex Research & Development | Cross Streets | Northwestern Hwy. |
| Building Class | A | ||
| Zoning | R-C - Regional Center | ||
| Price | $45,000,000 |
| Price Per SF | $245.38 |
| Sale Type | Investment NNN |
| Cap Rate | 7.72% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | A |
| Lot Size | 10.47 AC |
| Rentable Building Area | 183,389 SF |
| No. Stories | 4 |
| Year Built | 2019 |
| Tenancy | Single |
| Cross Streets | Northwestern Hwy. |
| Zoning | R-C - Regional Center |
Amenities
- Air Conditioning
1 1
Property Taxes
| Parcel Number | 24-18-476-014 | Improvements Assessment | $0 |
| Land Assessment | $912,150 | Total Assessment | $912,150 |
Property Taxes
Parcel Number
24-18-476-014
Land Assessment
$912,150
Improvements Assessment
$0
Total Assessment
$912,150
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Videos
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Magna Electronics | 26360 American Dr
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