Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 1988
Building Area Net
Land Area Net ()
Occupancy 85.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), has been exclusively retained to offer the fee simple interest in Long Lake Crossing (the “Property”), a best-in-class multi-tenant office asset located in the heart of Oakland County, which was recently named the #1 county for young professionals in the state of Michigan. Situated in the Troy submarket just twenty (20) miles north of downtown Detroit, the Property spans across more than 11.5 acres of land and is comprised of 172,310 rentable square feet (“RSF”). Currently 84.7% leased, the Property has a diverse tenant roster of which 57.0% is headquartered at the building, providing long-term cash flow stability to potential investors. Long Lake Crossing offers investors the unique opportunity to acquire a Class A office asset operating at the top of market with unmatched amenities, creating unparalleled tenant retention, with weighted-average tenure among the largest tenants at the Property exceeding 19.9 years.

Investment Highlights

·      Core-Plus Investment Profile with Timeless Design

·      Headquartered Property with Unparalleled Tenant Retention

·      Diverse Tenant Roster & Income Stability

·      Best-in-Class Amenities and Leasing Velocity

·      Strength of Troy & Oakland County

·      Fortune 500 Location Home to Automation Alley

·      Highly Educated and Talented Workforce

·      Superior Location with Immediate Proximity to Demand Drivers

Last Updated Date: 20 Oct 2021

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Last Updated Date: 20 Oct 2021

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