18700 MEYERS RD. DETROIT, MI 48235
Summary
Buyer was in a complex, multi-property 1031 exchange, with over $100M to place. We were able to help them successfully add this highly desirable property to their portfolio, with an excellent credit/corporate guaranteed tenant (Home Depot).
Agent(s) Involved: Shawn Jass
Agency/Representation: Buyer
Transaction Details
| Status: | Closed |
| COE Date: | 6/20/2010 |
| Price: | $15,500,000 |
| Cap Rate: | 9% |
| Tenant(s): | Home Depot |
| Year Built: | 1998 |
| Bldg. Size: | 150,160 SF |
| Lot Size: | 9.81 Acre(s) |
| Price/Unit: | $805,000 |
| Lease Term | 20year NNN |
| Renewal Options: | Five (5) Five (5) Year Terms |