AT&T Dispatch Center Roseville, Michigan

Status Under Contract
Location 18015 East Ten Mile Road, Roseville, MI 48066
Captialilzation Rate 8.75%
Building Size 50,215 SF
Lot Size 4.11 Acres
Lease Type NNN
Term Remaining 5.3 Years
Price $ 2986000
  • AT&T Dispatch Center
  • Extensive Tenant History Dating Back to 1999
  • Tenant Recently Renewed the Lease for a Five-Year Term
  • Attractive 8.75 Percent Cap Rate
  • Two Percent Annual Rent Growth
  • Over 150,000 Residents withing a Three-Mile Radius

The subject property is a 50,215-square-foot facility sitting on 4.11 acres located just off Interstate 94 on East Ten Mile Road. AT&T has occupied this space since 1999. The tenant recently signed a five-year renewal with two percent annual increases. There is one, five-year option to renew.

Roseville is a city in Macomb County, and is part of the Detroit metro area with over 48,000 residents. While the city is almost fully-developed, a proactive approach to attracting and retaining businesses over the years has led to reinvestment and expansion of exiting properties. The affordable housing stock has created opportunities for families just starting out, as well as those wishing to remain in Roseville.

Located in southeast Michigan, Macomb County is Michigan’s third most populated county, boasting a population of more than 865,000 residents and growing. Macomb County is home to a dynamic network of more than 18,000 businesses that are fueling the county’s economic resurgence. With sound infrastructure and a skilled workforce, the county supports growing industries in advanced manufacturing, automotive, defense, healthcare, retail, agriculture, food processing and more.

Agent : Patrick Doherty

  • 512-338-7855
  • patrick.doherty@marcusmillichap.com
License: TX-622300
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