255 Rex Blvd Auburn Hills, MI 48326-2954

Property Details for 255 Rex Blvd

Year built

1989

Property size

68,974 SF

Property type

Life science properties

APN

02-IR-12-100-570

APU

02IR12100570

Description

This exceptional investment opportunity presents a 68,830-square-foot Class B executive office building situated on a 5.15-acre lot in Auburn Hills, Michigan. The property, a single-tenant, 100% occupied building, serves as the corporate headquarters for Teijin Automotive Interiors, a subsidiary of the globally recognized Teijin Limited (A-rated). The current lease is a triple-net (NNN) agreement with a recent 10-year extension, ensuring long-term stability and predictable cash flow. The building boasts a strong net operating income (NOI) of $616,936 annually, further enhanced by built-in annual escalations. This two-story structure is strategically located in a thriving business community, benefiting from proximity to major transportation arteries, including Interstate 75, and a robust concentration of technology centers, research facilities, and educational institutions such as Oakland University and Oakland Community College. The property's location also offers convenient access to amenities like the Great Lakes Crossing Mall. This presents a compelling investment opportunity with a strong tenant, a secure lease, and significant upside potential in a desirable Michigan location. The property's size and location make it ideal for a variety of uses, and the strong tenant history provides a high degree of confidence in future performance. The substantial land area also offers potential for future expansion or development.

Location Insight

City

Auburn Hills

County

Oakland

State

Michigan

Longitude

-83.237

Latitude

42.6368

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments