5460 Executive Parkway Southeast, Grand Rapids, MI, 49512, US

Tesla Grand Rapids MI

Description

JLL Capital Markets presents an exceptional opportunity to acquire a mission-critical 176,606 SF industrial facility in Grand Rapids, Michigan, serving as Tesla’s exclusive U.S. die and mold production center. This irreplaceable asset represents one of only two such facilities in Tesla’s global manufacturing network. The property offers stable income from a high-quality tenant in a strategic Midwest location with excellent transportation access and strong industrial market dynamics.

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Attributes

Building area net

16,407 m²

Occupancy

100%

Year built

1989

WAULT

9.7 years

Media

Investment Highlights

Mission-Critical Operations

Functions as Tesla's sole U.S. facility for die/mold production and prototype components
Serves Tesla's global production network with specialized manufacturing capabilities
One of only two such facilities worldwide in Tesla's manufacturing ecosystem

Exceptional Tenant Quality & Stability

High-credit tenant with demonstrated long-term commitment
Recent 10-year lease renewal showcasing Tesla's strategic commitment to the facility

Strategic Location & Market Fundamentals

Prime Midwest location offering excellent transportation access and logistics advantages
Positioned in a robust Grand Rapids industrial market experiencing strong fundamentals:
Low 4.0% vacancy rate indicating tight market conditions
Impressive 158,000+ square feet of year-to-date net absorption
Positive market momentum supporting rental growth and occupancy