Single-Tenant Industrial Flex
620 Fairfield Ct Ann Arbor, MI 48108
620 Fairfield Ct, Ann Arbor, MI, 48108
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For Sale
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Absolute NNN leased industrial flex facility with a long-tenured tenant and corporate headquarters operations.
Property Size37,266 SF
Price / SF$165.70
Days on Market161
Property Features for 620 Fairfield Ct
General Information
- Standard status
- Active
- Size
- 37,266 SF
- Property subtype
- Industrial
Listing agency
Exp Realty
Listed by
MARK Z · License #MI 369338
Source
Crexi
Added: Feb 11 Updated: Jul 21 at 9:43PM Checked: Jul 21 at 9:43PM
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 Exp Realty
Investment Insights
Based on property information with market context.
620 Fairfield Ct in Ann Arbor is a single-tenant industrial/flex facility operated as the tenant’s corporate headquarters. The property is 100% leased to DYNICS, which has occupied the building for over 14 years and expanded within the facility multiple times to support its manufacturing, engineering, software development, and administrative operations.
The lease is structured as a true Absolute NNN arrangement. The tenant is responsible for all operating expenses and capital items, including roof, structure, HVAC, taxes, insurance, and maintenance.
The offering includes contractual rent increases of 3% annually and a five-year renewal option with continued escalations. The property is located in Avis Farms Office Park, just off South State Road, providing a secured, long-term net lease investment backed by established tenant occupancy.
The lease is structured as a true Absolute NNN arrangement. The tenant is responsible for all operating expenses and capital items, including roof, structure, HVAC, taxes, insurance, and maintenance.
The offering includes contractual rent increases of 3% annually and a five-year renewal option with continued escalations. The property is located in Avis Farms Office Park, just off South State Road, providing a secured, long-term net lease investment backed by established tenant occupancy.
Key Highlights
- Absolute NNN single‑tenant industrial/flex headquarters at 620 Fairfield Court, Ann Arbor, MI
- 100% leased to DYNICS, specializing in industrial technology and manufacturing, with occupancy for 14+ years
- Tenant expanded within the building multiple times since initial occupancy
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $581.3k | $15.60 |
| − Vacancy | −$34.9k | −$0.94 |
| EGI | $546.5k | $14.66 |
| − OpEx | −$191.3k | −$5.13 |
| NOI | $355.2k | $9.53 |
37,266 SF · lease $15.60/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$5.07M
$4.44M – $5.92M
NOI $355,205 @ 7.0% cap · market cap 5.75%
Second Best
Industrial
$2.72M
$2.38M – $3.17M
NOI $190,325 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$8.23M
$7.20M – $9.60M
NOI $576,126 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Veracity Industrial Networks
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Absolute NNN leased industrial flex facility with a long-tenured tenant and corporate headquarters operations.
Where is this flex space located?
The property is located at 620 Fairfield Ct Ann Arbor, MI.
What is the asking price?
The asking price for this property is $6,175,000.
What are key features of this property?
This property features: Absolute NNN single‑tenant industrial/flex headquarters at 620 Fairfield Court, Ann Arbor, MI; 100% leased to DYNICS, specializing in industrial technology and manufacturing, with occupancy for 14+ years; Tenant expanded within the building multiple times since initial occupancy
