Investment Overview

Built in 2002, this three-story, 64,607 square foot Class “A” single tenant office building is located in the heart of Southfield, Michigan’s largest corporate office submarket. ThyssenKrupp Materials North America is a materials management and service company focused on value-added processing and distribution of aluminum, copper, brass, specialty metals, steel and plastics, and is active throughout North America. Centrally located in suburban Detroit, there are over 23.3 million square feet of office space in Southfield. With direct access to the major north-south and east-west freeway system, the property location offers quick access to all points of metropolitan Detroit. The building has direct, unimpeded exposure for their signage right off I-696 with over 200,000 vehicles daily. ThyssenKrupp Materials NA, Inc. originally entered into a 10-year triple net lease that began in 2004 and now has extended the lease for an additional 10-year term, expiring in June of 2031. The tenant also reimburses for some capital replacement costs on the triple-net lease. The rent structure for the term is set at $16.00 per square foot through the lease term. This facility shows as a true North American Headquarters with significant capital outlay being invested by ThyssenKrupp. The facility serves this enormous division with corporate offices, IT space, a conference and presentation area and cafeteria. The upper two floors are totally modernized for maximum efficiency with new workstations that have integral internet connectivity, desks that raise and lower, and no telephones, just head set connections. ThyssenKrupp Materials, Inc. North America has divisions staffed by over 4,000 people in more than 75 locations across North America and have sales of approximately $12.1 billion Euros annually. Globally, the parent corporation, ThyssenKrupp AG headquartered in Germany has 740 locations with 98,000 employees in 47 countries has generated sales of €35 billion.