Industrial Flex Facility with Covered
1370 Pacific Dr, Auburn Hills, MI 48326
For Sale
New
$16,500,000
Office, climate-controlled shop, warehouse, and testing areas support a range of industrial operations.
Property Size130,461 SF
Lot Size11.23 Acres
Price / SF$126.47
Days on Market5
Property Features for 1370 Pacific Dr
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Outdoor Storage
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Column Spacing
Power
Voltage
Additional Details
Property Use
Amenities
Large Employee Break Room
Outdoor Picnic Area With Gazebo
Building Details
Building Size
Year Built
Listing Agency:
Colliers
Listed By:
Joseph Gatliff
(248) 226-1634
Source:
Cpix.resimplifi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers
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Investment Insights
Based on property information with market context.
This 130,461-square-foot industrial flex facility in Auburn Hills occupies 11.23 acres and was built in 1996. Its layout includes 25,000 square feet of office space, 55,839 square feet of HVAC-conditioned shop area, 49,622 square feet of warehouse space, and a 7,000-square-foot air-conditioned test lab. Shop features include abundant natural light and air lines throughout. The site also has 14,500 square feet of covered outdoor storage, an employee break room, and a gazebo-equipped picnic area.
The property has access to I-75 at Joslyn Road and is zoned I-1 light industrial. Building specifications include 24-foot clear height, 50-foot by 50-foot bay spacing, and 2,000A/480V power, to be verified. Loading includes three 12-foot by 14-foot and two 10-foot by 10-foot grade-level doors, plus one 8-foot by 12-foot and three 8-foot by 10-foot dock doors. There are 277 parking spaces and LED lighting.
The property has access to I-75 at Joslyn Road and is zoned I-1 light industrial. Building specifications include 24-foot clear height, 50-foot by 50-foot bay spacing, and 2,000A/480V power, to be verified. Loading includes three 12-foot by 14-foot and two 10-foot by 10-foot grade-level doors, plus one 8-foot by 12-foot and three 8-foot by 10-foot dock doors. There are 277 parking spaces and LED lighting.
Key Highlights
- 130,461 SF facility on 11.23 acres
- 14,500 SF of covered outdoor storage
- Space mix: 25,000 SF office, 55,839 SF HVAC‑conditioned shop, 49,622 SF warehouse, and 7,000 SF air‑conditioned test lab
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,349,332
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,986,640
$27.0M
Cap Rate 7%
$19,276,171
$19.3M
Cap Rate 9%
$14,992,578
$15.0M
Market Conditions
NOI Build-Up for 130,461 SF
Gross rent
$2.35M $18.00/SF
− Vacancy
−$272.4K −$2.09/SF
EGI
$2.08M $15.91/SF
− OpEx
−$726.6K −$5.57/SF
NOI
$1.35M $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,986,640
Cap Rate 7%
$19,276,171
Cap Rate 9%
$14,992,578
Alternative Uses
Best Use
Flex RnD
$19.28M
$16.87M – $22.49M
NOI $1,349,332 @ 7.0% cap · market cap 8.18%
Second Best
Warehouse
$11.21M
$9.81M – $13.08M
NOI $784,898 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$28.14M
$24.62M – $32.83M
NOI $1,969,752 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
24 ft
Clear height
4
Dock-high doors
5
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Oakland County, MI
Properties on Market for Flex space in Oakland County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office, climate-controlled shop, warehouse, and testing areas support a range of industrial operations.
Where is this flex space located?
The property is located at 1370 Pacific Dr Auburn Hills, MI.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: 130,461 SF facility on 11.23 acres; 14,500 SF of covered outdoor storage; Space mix: 25,000 SF office, 55,839 SF HVAC‑conditioned shop, 49,622 SF warehouse, and 7,000 SF air‑conditioned test lab
