Automotive Manufacturing
For Sale
Contact for pricing
255 Rex Blvd, Auburn Hills, MI 48326
Established industrial facility supporting composite manufacturing, engineering, and materials development for transportation applications.
Property Size68,974 SF
Price / SF$116.35
Days on Market97
Property Features for 255 Rex Blvd
General Information
Standard status
Active
Size
68,974 SF
Property subtype
Office, Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$641,860
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1989
Tenancy
Single
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Melissa Mann · License #MI 6501410090
Source:
Crexi
Added: May 27
Changed: Aug 30
Last Checked: Aug 30 at 8:03AM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
CSP operates an industrial manufacturing facility at 255 Rex Blvd in Auburn Hills, Michigan. The property contains 68,974 square feet and was built in 1989, supporting the company’s engineering, materials development, and production activities for lightweight composite components and structural systems. CSP’s product capabilities include body panels, structural parts, pickup box systems, aerodynamic assemblies, and other composite solutions for passenger vehicles, trucks, and emerging mobility platforms.
The facility is positioned within Metro Detroit’s automotive and advanced manufacturing corridor, with immediate access to Interstate 75. The surrounding region includes automotive OEM headquarters, engineering centers, and Tier 1 suppliers. CSP, formerly known as Continental Structural Plastics, rebranded in 2025 and operates approximately 15 manufacturing facilities across North America.
The facility is positioned within Metro Detroit’s automotive and advanced manufacturing corridor, with immediate access to Interstate 75. The surrounding region includes automotive OEM headquarters, engineering centers, and Tier 1 suppliers. CSP, formerly known as Continental Structural Plastics, rebranded in 2025 and operates approximately 15 manufacturing facilities across North America.
Key Highlights
- 68,974‑square‑foot manufacturing facility
- Built in 1989
- 255 Rex Blvd, Auburn Hills, MI 48326
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
$341,741
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
4.26%
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%
$6,834,820
$6.8M
Cap Rate 7%
$4,882,014
$4.9M
Cap Rate 9%
$3,797,122
$3.8M
Market Conditions
NOI Build-Up for 68,974 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
$507.0K $7.35/SF
− Vacancy
−$18.8K −$0.27/SF
EGI
$488.2K $7.08/SF
− OpEx
−$146.5K −$2.12/SF
NOI
$341.7K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
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%
$6,834,820
Cap Rate 7%
$4,882,014
Cap Rate 9%
$3,797,122
Alternative Uses
Best Use
Industrial
$4.88M
$4.27M – $5.70M
NOI $341,741 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.88M
$13.02M – $17.36M
NOI $1,041,397 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
200
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Established industrial facility supporting composite manufacturing, engineering, and materials development for transportation applications.
Where is this manufacturing property located?
The property is located at 255 Rex Blvd Auburn Hills, MI.
What is the asking price?
The asking price for this property is $8,025,000.
What are key features of this property?
This property features: 68,974‑square‑foot manufacturing facility; Built in 1989; 255 Rex Blvd, Auburn Hills, MI 48326
