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
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.
Pontiac Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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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