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Net Lease

Vehicle Performance Products Manufacturing Facility | Long Term Abs. Net Lease w/ Annual Increases

1164 Ladd Rd, Commerce Charter Township, MI 48390

Listing Price: $7,093,820

Cap Rate
6.25%
Gross SF
80,416
Price/Gross SF
$88.21
Lot Size
14.60 acres
Year Built
1996
Rentable SF
80,416

Investment Overview

Commerce Township, officially the Charter Township of Commerce, is a charter township of Oakland County in the U.S. state of Michigan. The population was 40,186 at the 2010 census. As a western suburb of Metro Detroit, Commerce Township is about 32 miles northwest of the city of Detroit. The cities of Walled Lake and Wixom border to the south, and the township contains the village of Wolverine Lake. Oakland County is part of the metropolitan Detroit area, located northwest of the city. As of the 2020 Census, its population was 1,274,395, making it the second-most populous county in Michigan, behind neighboring Wayne County. It is the largest county in the United States without a city of 100,000 residents. The county seat is Pontiac. Oakland County is composed of 62 cities, townships, and villages, and is part of the Detroit–Warren–Dearborn, MI Metropolitan Statistical Area. The city of Detroit is in neighboring Wayne County, south of 8 Mile Road. In 2010, Oakland County was among the ten wealthiest counties in the United States to have over one million residents. It is also home to Oakland University, a large public institution that straddles the border between the cities of Auburn Hills and Rochester Hills. The county’s knowledge-based economic initiative, coined “Automation Alley”, has developed one of the largest employment centers for engineering and related occupations in the United States, and some major employers include General Motors, Ford, and Chrysler, collectively known as the Big Three.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) - Favorable 2.5% Annual Increases Throughout the Initial Term and Options. Location Utilized as a Warehouse, Office & Manufacturing Facility.
  • Positioned Along Area's Major Industrial & Manufacturing Corridor. Features Easy Access & Excellent Visibility. Located within Minutes from M-5, which connects to I-96 and I-275.
  • Densely Populated and Affluent Area: Features an Average Household Income of $109k+ and more than 124k People Residing within a 5-Mile Radius.
  • This Location is Essential to AEV's Day-to-Day Operations, and its Close Proximity to Supply Hubs, Distribution Bases, and Customer Markets is very Crucial.
  • In Close Proximity to General Motors Proving Ground Milford - covers 4k Acres and 4,800 Staff work in its 142 Buildings. General Motors is the Largest Automaker in the United States.
  • Commerce Township is located within Oakland County, one of the Top 5 Wealthiest Counties in the Country, which is located Approximately 30 miles Northwest of Detroit.
  • One third of all US Auto Production takes place within 70 miles of Oakland County - Economic Development is a Priority in Commerce Township, both for Existing and new Businesses.
  • Oakland County has been given a AAA Bond Rating (the Highest Rating Possible); only 19 of America's other 3,034 Counties have received this High of a Rating.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Net Lease

Vehicle Performance Products Manufacturing Facility | Long Term Abs. Net Lease w/ Annual Increases

Listing Price: $7,093,820

Cap Rate
6.25%
Gross SF
80,416
Price/Gross SF
$88.21
Lot Size
14.60 acres
Year Built
1996
Rentable SF
80,416

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) - Favorable 2.5% Annual Increases Throughout the Initial Term and Options. Location Utilized as a Warehouse, Office & Manufacturing Facility.
  • Positioned Along Area's Major Industrial & Manufacturing Corridor. Features Easy Access & Excellent Visibility. Located within Minutes from M-5, which connects to I-96 and I-275.
  • Densely Populated and Affluent Area: Features an Average Household Income of $109k+ and more than 124k People Residing within a 5-Mile Radius.
  • This Location is Essential to AEV's Day-to-Day Operations, and its Close Proximity to Supply Hubs, Distribution Bases, and Customer Markets is very Crucial.
  • In Close Proximity to General Motors Proving Ground Milford - covers 4k Acres and 4,800 Staff work in its 142 Buildings. General Motors is the Largest Automaker in the United States.
  • Commerce Township is located within Oakland County, one of the Top 5 Wealthiest Counties in the Country, which is located Approximately 30 miles Northwest of Detroit.
  • One third of all US Auto Production takes place within 70 miles of Oakland County - Economic Development is a Priority in Commerce Township, both for Existing and new Businesses.
  • Oakland County has been given a AAA Bond Rating (the Highest Rating Possible); only 19 of America's other 3,034 Counties have received this High of a Rating.

Investment Overview

Commerce Township, officially the Charter Township of Commerce, is a charter township of Oakland County in the U.S. state of Michigan. The population was 40,186 at the 2010 census. As a western suburb of Metro Detroit, Commerce Township is about 32 miles northwest of the city of Detroit. The cities of Walled Lake and Wixom border to the south, and the township contains the village of Wolverine Lake. Oakland County is part of the metropolitan Detroit area, located northwest of the city. As of the 2020 Census, its population was 1,274,395, making it the second-most populous county in Michigan, behind neighboring Wayne County. It is the largest county in the United States without a city of 100,000 residents. The county seat is Pontiac. Oakland County is composed of 62 cities, townships, and villages, and is part of the Detroit–Warren–Dearborn, MI Metropolitan Statistical Area. The city of Detroit is in neighboring Wayne County, south of 8 Mile Road. In 2010, Oakland County was among the ten wealthiest counties in the United States to have over one million residents. It is also home to Oakland University, a large public institution that straddles the border between the cities of Auburn Hills and Rochester Hills. The county’s knowledge-based economic initiative, coined “Automation Alley”, has developed one of the largest employment centers for engineering and related occupations in the United States, and some major employers include General Motors, Ford, and Chrysler, collectively known as the Big Three.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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