- Well Below Market Rents | Average Rents for Single Tenant Office Building in Area is More than Double at $15.00 Per Sq. Ft.
- 100% Leased to Ford Motor Company
- Part of Fairlane Master Planned Development
- Ford Motor Company Features S&P Credit Rating of “BBB”
- Property Currently Houses Engineering and Design Operations
Fortis Net Lease is proud to present this single tenant, investment property offering for an office property that is currently occupied by Ford Motor Company in Allen Park, Michigan, just down the road from the headquarters of the home to the automotive giant. The subject property was originally constructed in 1992 as part of the Fairlane Master Planned Development with this location serving as the home to Ford Diagnostics Service Center and Bosch Automotive Service Solutions. Ford Motor Company is currently occupying the space under a recently executed six year lease extension which commenced on January 1, 2017 and will run through the end of the 2022 calendar year. This asset provides an investor with an easy to manage investment as the Absolute Net lease structure requires zero management responsi-bilities with the tenant bearing the full costs of all capital and operating expenses. Additionally, the current lease rate of $6.00 per square foot, is well below the average single tenant office market rent of $15.00 per square foot.
The subject property was developed as part of the Fairlane Community, a development that was the brain child of Henry Ford II to provide a vibrant environment around the Ford World Headquarters. The subject property features an impressive mix of retail and office property as well as green space. Additionally, the area is extremely accessible via two major area roadways, I-94 and Southfield Road/MI 39. The close proximity to major transportation arteries as well as the role that this property plays in the community as a whole make this an irreplaceable part of the Ford Motor Company.