18700 MEYERS RD. DETROIT, MI 48235


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