3-Property Industrial/Flex Portfolio

Detroit, MI
Deal Type:
Sale Leaseback
Price:
$6,942,295
Cap Rate:
7.40%
Current Rent:
$513,730
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four 5-Year Options at 2% Escalators Through Renewal Terms
Rent Increases:
2% annual increases
  • flex industrial sale leaseback
  • flex industrial sale leaseback
  • flex industrial sale leaseback
  • flex industrial sale leaseback

Investment Highlights

  • 15-year, absolute NNN lease | 2% annual rent increases
  • Subject facilities are strategically located 1 mile from the global headquarters of the Company‚Äôs largest customer in suburban Detroit, Michigan
  • Company has long-standing, entrenched, 10+ year relationships with blue-chip automotive customers
  • Company benefits from stable historical financial performance and above-market EBITDA margin profile
  • Tenant has invested over $11 million into its production equipment and facilities

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com
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