Troy Technology Park presents an opportunity to secure a high-quality flex/office portfolio located in Troy, a vibrant suburban Detroit submarket that is rich with automotive engineering companies and engineering talent. This location sits approximately 15 minutes from FCA-Stellantis, GM Tech Center, and US Army Tacom, making this an appealing location for automotive and defense industry suppliers.
The offering is a 5-parcel portfolio with a strong tenant roster that includes Magna, LG Electronics, LG Chem, LabCorp, and more. Given the location and parcels included in the offering, there are various options for the future that make this a highly sought-after opportunity for investors and users alike.
Long-term investors could reinvest cash flow into the spaces to secure new tenants and hold for yield. Investors with a development mindset may see an opportunity in converting Building “A” into Multifamily or Senior Living. The seller may also consider selling individual buildings, as several may be appealing to user-owners.