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Premier Office Building 3000 University Dr 445,234 SF 50% Leased Office Building Online Auction Sale Auburn Hills, MI 48326


Investment Highlights
- Excellent owner/user opportunity to acquire a well-maintained and amenitized asset - atrium, café, conference center, auditorium, and a Research Wing.
- Superb location off I-75 - near the Stellantis World HQ, Amazon Distribution Center, FANUC HQ & Development Site, Oakland University, OCC, and more.
- Premier office building with favorable zoning for office, research, innovation, data center usage, and more.
- Strong demographics - 160,000+ people with a median household income north of $82,000.
Executive Summary
Located off the University Drive exit for Interstate 75, featuring 126,670 vehicles per day, the asset features a phenomenal location within Auburn Hills. There are over 1600,000 people featuring a median household income north of $82,000 within a 5-mile radius of the asset. Additionally, 3000 University Drive is located less than 2 miles from the 5.3 million square foot Chrysler World Headquarters and Technology Center; headquarters of Stellantis North America and one of the largest buildings in the world by floor area, and less than 3 miles from the DET3 Amazon Fulfillment Center (3.8 million square feet). Furthermore, the asset is located within close proximity to the FANUC America Corporation’s headquarters (454,000 square feet) and their new 788,000 square foot development site, and the North American or World Headquarters of Faurecia, Maserati, BorgWarner, and RGIS. Other notable tenants nearby include US Farathane, Johnson Controls, Atlas Copco, Dura Automotive, DXC Technology, and Volkswagen Group of America.
The asset is also located just south of Oakland University’s campus and northeast of Oakland Community College’s Auburn Hills campus. Oakland University (OU) is a public research university with nearly 16,000 graduate and undergraduate students. Their 17:1 student-to-faculty ratio drives student-centered and personalized instruction, flexible class schedules, and state-of-the-art facilities. With a $1 billion economic footprint, Oakland University is a regional powerhouse with local, regional, and international reach. OU offers superb internship and research opportunities, partnering with numerous corporate leaders, businesses, Fortune 500 companies, and governmental agencies. Oakland Community College (OCC) offers over 80 programs in high-demand fields such as IT, healthcare, and advanced manufacturing. Taught by expert faculty, OCC’s smaller class sizes (often 25 students or less) offer student-favorable student-to-teacher ratios, giving them the skills they need to advance their careers or transfer onto four-year institutions.
3000 University offers an investor or owner/user an excellent opportunity to acquire a beautiful and well-maintained office building within a core market with significant upside potential and leasing flexibility. The premier facility is unparalleled by other office products in the Metro Detroit Area.
Matterport 3D Tours
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Conferencing Facility
- Security System
- Signage
- Monument Signage
- Air Conditioning
- Cafe
About Auburn Hills
Located approximately 30 miles north of downtown Detroit, Auburn Hills is one of the fastest-growing suburbs in the Detroit metro. The area is serviced by Interstate 75, which connects Detroit with northern Michigan. Auburn Hills is the notable home of Fiat Chrysler Automobiles’ (FCA) North American headquarters as well as the home of Oakland University, the second largest university in Detroit, with 20,000 students. Great Lakes Crossing Outlets is also located here and is the largest outlet center in Michigan, with more than 180 shops and restaurants.
The office sector in Auburn Hills is heavily influenced by the automobile industry. FCA’s Chrysler World Headquarters and Technology Center houses over 11,000 employees and encompasses nearly 4.5 million square feet, representing more than half the total office inventory in Auburn Hills. FCA’s presence has helped attract a wide variety of automobile manufacturers and suppliers, with Volkswagen, Faurecia, and Hirotec being some of the largest office users in the area.
Vacancies in Auburn Hills are consistently some of the lowest in the metro and are reflective of the strong demand to locate in this amenity-rich area. Though average rents trend nearly 10% higher than the metro average, pricing is much more in line with rates seen across the Detroit metro. Additionally, investors can enter the market here at a discount compared to other prominent nearby suburban office areas like Bloomfield and Birmingham.
Demographics
Demographics
Sale Advisors
Barry Swatsenbarg, Executive Vice President
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Matt Terrace, Senior Vice President- Investments
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Premier Office Building | 3000 University Dr
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