Private Investor Acquires Industrial Property In Auburn Hills, MI For $8.65M

A single-tenant industrial property located at 3333 Bald Mountain Road in Auburn Hills, MI was recently sold for $8,650,000. The property spans across 77,100 square feet, resulting in a price per square foot of $112. The transaction was facilitated by Northmarq's Chicago investment sales office, with Senior Vice President BJ Feller and Senior Investment Analyst Josh Dicker representing the Michigan-based developer. The buyer, on the other hand, was a private investor from California.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,650,000
• SF: 77,100
• PPSF: $112
• Address: 3333 Bald Mountain Road, Auburn Hills, MI
• Market: Auburn Hills, MI
• Brokers: BJ Feller & Josh Dicker - Northmarq

This deal showcases the successful collaboration between Northmarq's BJ Feller, Senior Vice President, and Josh Dicker, Senior Investment Analyst. Their expertise and representation ensured a smooth transaction for the Michigan-based developer, ultimately resulting in the sale of the industrial property. The buyer, a private investor from California, recognized the potential of the property and successfully acquired it through the efforts of Feller and Dicker.