Updated Sep 2, 2026
Phoenix Investors Acquires 1.8 Million Square Feet Industrial Space From Nexteer Automotive In Saginaw
3900 East Holland Avenue
Building Size
1,800,000 SF
Asset Type
Industrial
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in the transaction is an industrial facility located at 3900 East Holland Avenue in Saginaw, MI. The asset comprises three buildings with a total square footage of approximately 1,800,000. The deal was completed on September 1, 2026, when Phoenix Investors acquired the property from Nexteer Automotive.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3900 East Holland Avenue
- Market: Saginaw, MI
- Square Footage: 1,800,000
- Buyer: Phoenix Investors
- Seller: Nexteer Automotive
- Brokers: Andrew Baines, Matt Osiecki & Joe Kemp - CBRE
Nexteer Automotive will lease back approximately 1.27 million square feet of the acquired industrial space. Phoenix Investors plans to invest in the property and market 552,000 square feet of available space to potential new manufacturing and industrial users in the area.
On the Map
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93