Padden Commerce Park
US - Vancouver, Americas
406,447 sf
Asset description
JLL is pleased to exclusively offer for sale the Henniges Automotive Global Headquarters & Testing Center, located at 2750 High Meadow Circle, in Auburn Hills, MI (the “Property”). The single-tenant asset is 100% net-leased to Henniges Automotive (“Tenant”), a global leader in vehicle sealing products, and has over 13.5 years of remaining lease term. The Property totals 55,490 SF and was built-to-suit in 2012 for the Tenant, which recently executed a long-term lease extension, confirming its commitment to the facility.
Located along Interstate 75, Auburn Hills is the epicenter of U.S. automotive R&D investment and represents the premier location within the Southeast Michigan market. Oakland County is also among the most affluent within the state of Michigan, offering the skilled labor force that is required for the Tenant’s operations. This opportunity offers investors a high-quality, irreplaceable asset with long-term cash flow and zero landlord responsibilities.
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Attributes
WAULT
13.6 years
Occupancy
100%
NOI
$719,000
Building area net
55,490 sf
Year built
2012
Media
Investment highlights
- Over 13.5 years of remaining term on absolute NNN lease
- Tenant is a global leader in providing vehicle sealing systems to OEMs
- Credit support from AVIC Automotive Systems Holding Co. Ltd. (Moody’s: A3)
- Built-to-suit in 2012 to serve as Tenant’s global HQ and testing center
- LEED Silver-certified, well-maintained facility
- Strategic situated within the “Automotive Capital of the World”
- High-visibility signage along – and efficient access to – I-75
- Located within the premier Detroit submarket for R&D activity
Contact brokers
Henniges Automotive HQ – Auburn Hills, MI (0 Properties)
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Last updated
Apr 30, 2024
