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660 S. Blvd. East

Updated Oct 29, 2024

The Paslin Co. Leases 113,742 SF Industrial Space In Pontiac, Michigan
LEASEDIndustrial

The Paslin Co. Leases 113,742 SF Industrial Space In Pontiac, Michigan

660 S. Blvd. East

$5

$5/SF

Building Size

113,742 SF

Asset Type

Industrial

Closing

Apr 28, 2023

About this deal

AI

The Paslin Co., an automotive industry design-build organization, has signed a lease for 113,742 square feet of industrial space at 660 S. Blvd. East in Pontiac, Michigan. The leased property is located in the Pontiac market and is an industrial asset. The lease was facilitated by Phil Konopitski of Friedman Real Estate, who represented The Paslin Co. in the transaction. The terms of the lease include an asking rent of $5 per square foot.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Tenant: The Paslin Co.
  • Tenant's Representative: Phil Konopitski - Friedman Real Estate
  • Address: 660 S. Blvd. East, Pontiac, Michigan
  • Market: Pontiac, Michigan
  • Asking Rent: $5 per square foot
  • Square Footage: 113,742

The Paslin Co. is an automotive industry design-build organization that specializes in providing innovative solutions for the automotive sector. The lease agreement for the industrial space at 660 S. Blvd. East in Pontiac, Michigan, will enable The Paslin Co. to expand its operations and cater to the growing demands of the automotive industry. Phil Konopitski, a representative from Friedman Real Estate, played a crucial role in facilitating the lease transaction between The Paslin Co. and the undisclosed landlord.

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$5

$5/SF

Industrial

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Players

Phil Konopitski

Friedman Real Estate

Broker

$2.6M

vol

2 deals

Broker

Pontiac Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Deal FAQ

About $5 per square foot on a published $5 for 113,742 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3172600.00%

Cash-on-Cash

-906738.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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