FOR SALE > HP ENTERPRISE HIGH TECH

1872 Enterprise Drive | Rochester Hills, MI 48309

  • 55,367 Square Feet
  • Industrial
  • For Sale

Summary Description

Potential investors have the ability to acquire an exceptional, institutional-grade suburban commercial real estate building located in one of the strongest submarkets of southeastern Michigan.

The Property is fully leased since 2011 by Hewlett Packard’s Enterprise division.  HP has invested more than $5 million into this space including generators, HVAC and heavy security.  Due to this extensive tenant investment, and tenant verbal commentary, we expect the likelihood they renew is extremely high. Pricing guidance is expecting the seller will exercise tenant option prior to closing.

Including all options, the tenant has committed to a potential 22 years at the Property.   Their current lease extends through August 2018 with three (3) options to renew for an additional five (5) years each. 

 

 

Property Status: For Sale Fully Occupied

Building Size: 55367 Square Feet

Area Available: 55,367 Square Feet

ASKING PRICE

TBD By Market

SITE AREA

4.1 Acres (178,596 SF)

PARKING

154 Open Surface Spaces

FLEX SPACE

18,666 SF Office Space; 36,701 SF Industrial Space

RESTROOMS

Fully equipped men’s and women’s restrooms

FIRE PROTECTION

Fully sprinkled

SECURITY

Access monitored, Exterior is fully monitored

Features:

  • Single Tenant 100% Occupied Flex Building
  • Conveniently Located Along M-59, a Prominent East-West Thoroughfare
  • Fortune 50 Tenant With a Corporate Lease Guarantee
  • 3 Remaining Lease Options
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