For Sale
$5,523,000

927 Brown Rd Orion Township, MI 48359

Five-building, multi-tenant flex space.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully occupied, five-building industrial complex totaling 40,896 square feet situated on a 2.5-acre lot in Orion Township, Oakland County, Michigan. The property, located at 927-957 Brown Road, boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $428,070. The complex is comprised of five buildings, with one major tenant, Johnstone Supply, under a favorable triple-net lease extending to June 2037, occupying 50% of the space. The remaining ten tenants occupy smaller suites ranging from 1,200 to 6,000 square feet. The property benefits from its prime location, offering convenient access to Interstate 75 and proximity to major retailers such as Target, Home Depot, and Sam's Club, as well as the Great Lakes Crossing Outlets. The property is zoned "BIZ" – Brown Road Innovation Zoning District, allowing for potential future development on the included 2.5-acre vacant land parcel adjacent to 927 Brown Road. The asking price is $5,523,000, translating to $135.06 per square foot. This presents a rare opportunity to acquire a well-located, high-performing industrial asset with significant upside potential due to limited comparable space in the market and lease restructuring opportunities. The property's current 100% occupancy ensures immediate cash flow.

Highlights

  • $5,523,000 asking price for a 40,896 square foot industrial complex.
  • Multi-tenant property with five buildings, 100% occupancy, and a 7.75% cap rate.
  • $428,070 Net Operating Income (NOI).
  • Located in Orion Township, Oakland County, Michigan, at 927 Brown Rd, 48359.
  • 2.5-acre lot size with BIZ zoning (Brown Road Innovation Zoning District), allowing for potential expansion.

Property Details for 927 Brown Rd

Property type
Industrial properties, Flex space
Square Feet
40,896 SF
Lot Size (sq. ft)
108,900 SF
Units
5

Location Insight

City
Orion Township
County
Oakland
State
Michigan
Latitude
42.7089793
Longitude
-83.2843293

FAQs

What type of property is this?
Industrial property - Five-building, multi-tenant flex space.
Where is the industrial property located?
The property is located at 927 Brown Rd Orion Township, MI.
What is the asking price?
The asking price for this property is $5,523,000.
What are key features of this property?
This property features: $5,523,000 asking price for a 40,896 square foot industrial complex.; Multi-tenant property with five buildings, 100% occupancy, and a 7.75% cap rate.; $428,070 Net Operating Income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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927 Brown Rd
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