1125 N Perry St
$15,000,000
1125 N Perry St, Pontiac, MI 48340
112,047 sqft
Building Size
13.2962 acres
Lot Area
Details:
Highlights:
- Rare Industrial Outdoor Storage (IOS) Opportunity – 112,047 SF multi-tenant industrial property situated on a paved and fully fenced site, offering highly sought-after Industrial Outdoor Storage functionality.
- Scarce IOS Zoning – Property benefits from rare IOS-permitted zoning, creating significant barriers to entry and enhancing long-term value in an increasingly supply-constrained asset class.
- Sale-Leaseback Component – Two of the four tenant spaces will be leased back by ownership at closing on new five-year lease terms, providing immediate occupancy, stable cash flow, and alignment with an established operator.
- Diversified Income Stream – Four-tenant configuration provides multiple sources of rental income while reducing reliance on any single occupant.
- Paved & Secure Site – Fully paved and fenced property designed to accommodate outdoor storage, fleet operations, contractor yards, equipment storage, and other industrial users requiring secure exterior space.
- Strong Pontiac Industrial Fundamentals – Located in one of Southeast Michigan's most active industrial corridors, benefiting from historically low vacancy rates, steady tenant demand, and limited availability of functional IOS properties.
Description:
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The Auburn Hills, Pontiac & Rochester industrial submarket has a vacancy rate of 3.8% as of the third quarter of 2026. Over the past year, the submarket's vacancy rate has changed by -0.7%, a result of 85,000 SF of net delivered space and 460,000 SF of net absorption.
Auburn Hills, Pontiac & Rochester's vacancy rate of 3.8% compares to the submarket's five-year average of 4.2% and the 10-year average of 4.4%. Overall submarket vacancy is forecast to end 2026 at 3.9%.
The Auburn Hills, Pontiac & Rochester industrial submarket has roughly 3.1 million SF of space listed as available, for an availability rate of 5.3%. As of the third quarter of 2026, there is 730,000 SF of industrial space under construction in Auburn Hills, Pontiac & Rochester. In comparison, the submarket has averaged 920,000 SF of under construction inventory over the past 10 years.
The Auburn Hills, Pontiac & Rochester industrial submarket contains roughly 57.4 million SF of inventory. The submarket has approximately 25.9 million SF of logistics inventory, 8.1 million SF of flex inventory, and 23.4 million SF of specialized inventory.
Market rents in Auburn Hills, Pontiac & Rochester are $10.30/SF. Rents average around $9.70/SF for logistics buildings, $11.70/SF for flex properties, and $10.40/SF for specialized assets.
Rents have changed by 2.5% year over year in Auburn Hills, Pontiac & Rochester, compared to a change of 2.5% market wide. Market rents have changed by 2.2% in logistics buildings year over year, 2.1% in flex buildings, and 2.8% in specialized buildings. In Auburn Hills, Pontiac & Rochester, five-year average annual rent growth is 4.6% and 10-year average annual rent growth is 4.9%. Overall annual rent growth in the Auburn Hills, Pontiac & Rochester industrial submarket is forecast to end 2026 at 2.4% compared to the Detroit average of 2.5%.
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Location
Gallery
