crefeed.com | M&M's Detroit office negotiates $19M industrial sale in Auburn Hills

10/22/2007

M&M's Detroit office negotiates $19M industrial sale in Auburn Hills

2110 Executive Hills Court

Michigan-based Cooper Standard Automotive's Auburn Hills, Mich., headquarters has sold to a private Los Angles equity investment group for $19 million as part of a 1031 exchange.

John Godwin of Marcus & Millichap's Detroit office represented the seller, a private Midwest real estate investor.

The 103,822 square foot industrial building serves as Cooper Automotive's fluid systems headquarters. The two-story building was built in 2002 on 9.74 acres. It was remodeled in 2007 and was purchased for $183 per square foot.

Auburn Hills is located about 30 miles north of Detroit.

Godwin joined the Marcus & Millichap Investment Brokerage Services in March 2000, and prior to his real estate career, held positions with Colliers International focusing on Investment Leasing Brokerage. He recently brokered the sale of a 120,573 square foot retail property in West Bloomfield, Mich., for $17.3 million.

Address: 2110 Executive Hills Court, Auburn Hills, Mich.

Size: 103,822 square feet

Built: 2002

Filed Under: Industrial

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