927 Brown RdOrion Township, MI 48359

Property Details for 927 Brown Rd

Lot size

2.50 AC

Property size (Sq ft)

40,896 SF

Property type

Industrial properties

Property subtype

Flex space

Description

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.

Location Insight

City

Orion Township

County

Oakland

State

Michigan

Latitude

42.709

Longitude

-83.2843

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