 |
| Jason Capitani |
Troy, MI – L. Mason Capitani CORFAC International is pleased
to announce that it has sold a 49,686 square foot multi-tenant industrial
facility located at 2703-2727 Product Drive in Rochester Hills, Michigan.
The building was 100% occupied at the time of closing. TI Automotive and Gexpro are two of the
current tenants occupying the facility.
Based on the current net operating income, the building
traded at a 9.8% capitalization rate. Jason
Capitani and Garry Rogers represented the seller, Kevin Buchanan,
in the transaction.
Founded in 1965, L. Mason Capitani CORFAC International is
one of the most established privately held real estate brokerage firms
specializing in the sales, leasing and management of industrial, office,
medical and retail properties in Michigan.
 |
| Garry Rogers |
The company’s scope
of services include landlord and tenant representation, buyer and seller
representation, site acquisition and build to suit coordination.
For more information, visit the L. Mason Capitani, Inc.
website at www.lmcap.com.
For a complete copy of the company’s news release, please
contact:
Jason E. Capitani, CCIM, SIOR
Executive Vice President
248-637-6784
Garry W. Rogers
Vice President
248-637-3527
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