Industrial Space Overview
Northmarq presents an exceptional acquisition opportunity for qualified investors to own the fee simple interest in the Morrell Group property, a mission-critical industrial building in Auburn Hills, Michigan. With 77,100 square feet of space on 14.80 acres, this facility is fully occupied by Stegner Controls, a thriving division of Morrell Group. The property boasts 13+ years of remaining base term on an Absolute NNN basis, offering a stable and reliable income stream. The lease includes annual rent increases of 2.00%, providing investors with a consistent return boost.
In 2021, the building underwent significant renovations, featuring 57,825 square feet of warehouse space and 19,275 square feet of office/admin space. Investors have the flexibility to acquire the property Free & Clear or with the option to assume in-place debt, providing financial flexibility.
Strategically located in Auburn Hills, Michigan, the property benefits from direct access to Interstate 75, a key transportation route connecting Michigan to Florida. The property's proximity to industrial hubs, including General Motors' Orion Assembly Plant and Chrysler World Headquarters and Technology Center, further enhances its desirability.
This investment presents a unique opportunity to acquire a stable and profitable industrial property with a long-term commitment from a reputable tenant in a prime location.
In 2021, the building underwent significant renovations, featuring 57,825 square feet of warehouse space and 19,275 square feet of office/admin space. Investors have the flexibility to acquire the property Free & Clear or with the option to assume in-place debt, providing financial flexibility.
Strategically located in Auburn Hills, Michigan, the property benefits from direct access to Interstate 75, a key transportation route connecting Michigan to Florida. The property's proximity to industrial hubs, including General Motors' Orion Assembly Plant and Chrysler World Headquarters and Technology Center, further enhances its desirability.
This investment presents a unique opportunity to acquire a stable and profitable industrial property with a long-term commitment from a reputable tenant in a prime location.
