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Single-Tenant Office

CSP

255 Rex Blvd, Auburn Hills, MI 48326

Listing Price: $8,025,000

Cap Rate
8.00%
Tenant Name
Continental Structural Plastics
Years Remaining On Lease
8.6
Gross SF
68,974
Guarantor
Corporate Guarantee
Rentable SF
68,830
Price/Gross SF
$116.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.33

Investment Overview

Located in the heart of Auburn Hills’ advanced manufacturing corridor, Continental Structural
Plastics (“CSP”) represents a mission-critical industrial asset leased to a globally recognized
automotive composites manufacturer. CSP is a leading producer of lightweight composite
technologies utilized throughout the automotive industry, with operations strategically
positioned within one of the nation’s most important automotive supply chain markets. The
property benefits from long-term tenancy and institutional-grade credit support through a
corporate guaranty from Teijin Limited, an internationally recognized materials and chemical
company with an A- credit rating. CSP became a wholly owned subsidiary of Teijin following
the company’s acquisition in 2016, strengthening the tenant’s global backing and long-term
operational outlook.
The offering presents investors with durable cash flow through approximately nine years of
remaining lease term coupled with contractual annual rent escalations that provide built-in
income growth and inflation protection. Situated in Auburn Hills, Michigan — home to major
automotive OEMs, suppliers, and advanced manufacturing operations — the asset is
strategically positioned within one of the Midwest’s strongest industrial and mobility-focused
markets. The combination of long-term occupancy, increasing rental income, and investmentgrade
sponsorship creates a stable, low-management opportunity suited for both private and
institutional investors seeking predictable returns backed by a globally recognized tenant.

Investment Highlights

  • Long-Term Lease Structure with Approximately Nine Years of Remaining Term Providing Secure and Predictable Cash Flow
  • Corporate Lease Guaranty from Teijin Limited, an A- Rated Global Company with Substantial International Operations and Financial Strength
  • Annual Rental Escalations Provide Built-In NOI Growth and Hedge Against In?ation over the Remaining Lease Term
  • Mission-Critical Manufacturing Operation Serving the Automotive Composites Industry Within the Highly Desirable Auburn Hills Automotive Corridor
  • Strategic Southeast Michigan Location with Proximity to Major OEMs, Suppliers, Interstate Connectivity, and One of the Country's Deepest Manufacturing Labor Pools

Exclusively Listed By

Single-Tenant Office

CSP

Listing Price: $8,025,000

Cap Rate
8.00%
Tenant Name
Continental Structural Plastics
Years Remaining On Lease
8.6
Gross SF
68,974
Guarantor
Corporate Guarantee
Rentable SF
68,830
Price/Gross SF
$116.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.33

Investment Highlights

  • Long-Term Lease Structure with Approximately Nine Years of Remaining Term Providing Secure and Predictable Cash Flow
  • Corporate Lease Guaranty from Teijin Limited, an A- Rated Global Company with Substantial International Operations and Financial Strength
  • Annual Rental Escalations Provide Built-In NOI Growth and Hedge Against In?ation over the Remaining Lease Term
  • Mission-Critical Manufacturing Operation Serving the Automotive Composites Industry Within the Highly Desirable Auburn Hills Automotive Corridor
  • Strategic Southeast Michigan Location with Proximity to Major OEMs, Suppliers, Interstate Connectivity, and One of the Country's Deepest Manufacturing Labor Pools

Investment Overview

Located in the heart of Auburn Hills’ advanced manufacturing corridor, Continental Structural Plastics (“CSP”) represents a mission-critical industrial asset leased to a globally recognized automotive composites manufacturer. CSP is a leading producer of lightweight composite technologies utilized throughout the automotive industry, with operations strategically positioned within one of the nation’s most important automotive supply chain markets. The property benefits from long-term tenancy and institutional-grade credit support through a corporate guaranty from Teijin Limited, an internationally recognized materials and chemical company with an A- credit rating. CSP became a wholly owned subsidiary of Teijin following the company’s acquisition in 2016, strengthening the tenant’s global backing and long-term operational outlook. The offering presents investors with durable cash flow through approximately nine years of remaining lease term coupled with contractual annual rent escalations that provide built-in income growth and inflation protection. Situated in Auburn Hills, Michigan — home to major automotive OEMs, suppliers, and advanced manufacturing operations — the asset is strategically positioned within one of the Midwest’s strongest industrial and mobility-focused markets. The combination of long-term occupancy, increasing rental income, and investmentgrade sponsorship creates a stable, low-management opportunity suited for both private and institutional investors seeking predictable returns backed by a globally recognized tenant.

Exclusively Listed By

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