Asking Price Contact for pricing
Sq. Footage N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1985

Property Description

Troy Technology Park is leased to a diversified mix of credit tenants that provide investors with a stable income stream. Six (6) of eleven (11) tenants have an investment grade tenant rating, representing a total of 275,750 RSF or 64.9% of the Property. Some of the internationally recognized brands at Troy Technology Park include LG Chem (A-), Ally Financial (BB+), Magna Powertrain (A-), LG Electronics (BBB), Raytheon (A+), Quest Diagnostics (BBB+), and Schneider Electric (A-). In total, investment grade tenants at Troy Technology Park account for approximately 70.0% of gross in-place revenue promoting income stability for investors.

Investment Highlights

Jones Lang LaSalle Americas, Inc. (“JLL”), has been exclusively retained to offer the fee simple interest in Troy Technology Park (the “Property”), a five (5) building portfolio comprised of office, flex, and research and development (“R&D”) space. Situated just 15 miles north of downtown Detroit, the Property spans across 31 acres of land and is comprised of 425,192 rentable square feet (“RSF”). Currently 91.8% leased, the Property has a diverse tenant roster of which 64.9% is investment grade. Troy Technology Park offers investors the unique opportunity to benefit from near-term income stability and significant upside in one of the most preferred submarkets in the Detroit metropolitan area.
Patrick Shields
Patrick Shields
Senior Director
Jaime Fink
Jaime Fink
Senior Managing Director
Licensed in
471.010204;54163;54163

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