Single-Tenant NNN
For Sale
Contact for pricing
2020 Taylor Road, Auburn Hills, MI 48326
Office, flex, and R&D facility occupied under a corporate-backed net lease.
Property Size192,308 SF
Price / SF$293.33
Days on Market141
Property Features for 2020 Taylor Road
General Information
Standard status
Active
Size
192,308 SF
Property subtype
Office
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$3,807,594
Building Details
Year Built
2016
Year Renovated
2024
Buildings
2
Units
348
Tenancy
Single
Building Size
192,308 SF
Listing Agency:
Stream Capital Partners
Listed By:
Graham Gold · License #IL 475164964
(312) 899-6664
Source:
Crexi
Added: Apr 15
Changed: Aug 31
Last Checked: Aug 31 at 5:41AM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
The asset is a 192,308-square-foot office, flex, and R&D facility completed in 2016. It is fully leased to TI Group Automotive Systems LLC, with the lease obligations supported by a corporate guarantee from TI Fluid Systems Limited, a UK corporation.
The property operates under a triple-net lease with 13.44 years remaining and a stated expiration date of 4/12/2039. Annual CPI-based escalations range from 1.5% to 3%. The facility is located at 2020 Taylor Road in Auburn Hills, Michigan 48326.
The property operates under a triple-net lease with 13.44 years remaining and a stated expiration date of 4/12/2039. Annual CPI-based escalations range from 1.5% to 3%. The facility is located at 2020 Taylor Road in Auburn Hills, Michigan 48326.
Key Highlights
- 192,308‑square‑foot office, flex, and R&D facility
- 100% leased to TI Group Automotive Systems LLC
- Corporate guarantee from TI Fluid Systems Limited, a UK corporation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,989,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$39,780,060
$39.8M
Cap Rate 7%
$28,414,329
$28.4M
Cap Rate 9%
$22,100,033
$22.1M
Market Conditions
NOI Build-Up for 192,308 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$3.46M $18.00/SF
− Vacancy
−$401.5K −$2.09/SF
EGI
$3.06M $15.91/SF
− OpEx
−$1.07M −$5.57/SF
NOI
$1.99M $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$39,780,060
Cap Rate 7%
$28,414,329
Cap Rate 9%
$22,100,033
Alternative Uses
Best Use
Flex RnD
$28.41M
$24.86M – $33.15M
NOI $1,989,003 @ 7.0% cap · market cap 3.53%
Second Best
Industrial
$13.61M
$11.91M – $15.88M
NOI $952,816 @ 7.0% cap · market cap 1.69%
Theoretical Best
Specialty Retail
$41.48M
$36.29M – $48.39M
NOI $2,903,543 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Office, flex, and R&D facility occupied under a corporate-backed net lease.
Where is this nnn property located?
The property is located at 2020 Taylor Road Auburn Hills, MI.
What is the asking price?
The asking price for this property is $56,409,000.
What are key features of this property?
This property features: 192,308‑square‑foot office, flex, and R&D facility; 100% leased to TI Group Automotive Systems LLC; Corporate guarantee from TI Fluid Systems Limited, a UK corporation
