Building 6&7 25540 Seeley Rd

Northmarq, as the exclusive broker, is proud to present the sale of 25540-25550 Seeley Road, Novi, MI. Located in the heart of the automotive industry, and with top tier original equipment manufacturers (“OEMs”), suppliers and startups operating in the region, Novi is a mission critical location with excellent freeway access.

The Property, comprising two recently constructed flex/industrial buildings totaling 49,722 square feet on 8.0 acres, is fully leased to three tenants: GECOM Corp (30%), Fire Pros (20%), and Multimatic (50%). GECOM and Multimatic are prominent players in the automotive industry, providing engineering, technology and components for top OEMs. Fire Pros is a 40+ year fire safety company with eight locations across the country. All three tenants operate under highly passive NNN leases which have 7+ years remaining with annual rent escalations. These new Class A flex properties feature open floor layouts, dedicated research & development (“R&D”) areas, and warehouse space making them ideal for technology and engineering firms.

Michigan’s auto industry employs 1.1 million people and generates $304 billion in gross economic output for the state’s economy. Detroit, the “Auto Capital of the World,” is the center of Michigan’s automotive market and the #1 emerging startup ecosystem globally (Startup Genome, 2022). Technology companies are flocking to Detroit’s vibrant, collaborative, and affordable ecosystem. The Detroit Metropolitan Area ranks #3 in the U.S. for tech talent cost versus quality and #1 for venture capital growth at 886% from 2016 to 2020. The property in the Central I-96 Novi submarket enjoys strategic access to key highways (I-275, I-75, I-96, I-696). The Novi submarket boasts higher market rent and lower vacancy rates compared to the broader Detroit metro area.