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29683046
29683047

620 Fairfield Ct, Ann Arbor, MI 48108 For Sale

MZ
MI MI 369338
Exp Realty
Listed by Exp Realty
$6,175,000
158 days on market
Updated 30 days ago

620 Fairfield, Ann Arbor

Details
APN 01220100020, 01290018051, 01290079026, 01290259026,
Property Type Industrial
Sub Type Flex, R&D (+1)
Square Footage 37,266
Net Rentable (SqFt) 37,266
Units 1
Cap Rate 8%
NOI $493,950
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 7
Lease Expiration 07/31/2031
Remaining Term 5
Rent Bumps Yes
Pro-Forma Cap Rate 8%
Pro-Forma NOI $493,950
Price per SqFt $166
Broker Co-Op Yes
Class A
Year Built 1991, 2013, 2017
Buildings 1
Stories 1
Acreage 4.000
Zoning Business District
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/24/2024
Ceiling Height 16'-22'
Loading Docks 1
Dock High Doors 3
Ownership Fee Simple

Absolute NNN Industrial HQ in Ann Arbor | 14+ Year Tenant | 3% Annual Increases

Marketing description

Absolute NNN Industrial HQ in Ann Arbor | 14+ Year Tenant | 3% Annual Increases

620 Fairfield Court presents the opportunity to acquire a mission-critical, single-tenant industrial / flex headquarters secured by a long-term Absolute NNN lease in Ann Arbor, Michigan.

The property is 100% leased to DYNICS, a specialized industrial technology and manufacturing company that has occupied the facility for over 14 years and expanded within the building multiple times. The property functions as the tenant’s corporate headquarters, supporting manufacturing, engineering, software development, and administrative operations—significantly reducing relocation and rollover risk.

The lease features a true Absolute NNN structure, with the tenant responsible for all operating expenses and capital items, including roof, structure, HVAC, taxes, insurance, and maintenance. Investors benefit from fully passive ownership, predictable cash flow, and contractual 3% annual rent increases, providing built-in NOI growth and inflation protection. A five-year renewal option with continued escalations further extends income durability.

Located within the prestigious Avis Farms Office Park, just off South State Road, the property benefits from Ann Arbor’s supply-constrained industrial and flex market, high barriers to entry, and a highly educated workforce anchored by the University of Michigan. These fundamentals support long-term tenant retention and stable income performance.

This offering represents a low-risk, institutional-quality net lease investment well suited for 1031 exchange buyers, passive investors, and family offices seeking hands-off income with durable fundamentals.


Investment highlights

  • Absolute NNN Lease – Zero Landlord Responsibilities

  • Single-Tenant Industrial / Flex Headquarters

  • Mission-Critical Tenant Use

  • 14+ Year Tenant Occupancy with Expansion History

  • 3% Annual Rent Increases

  • Approximately 5 1/2 Years Remaining on Initial Term

  • Five-Year Renewal Option with Escalations

  • 100% Leased – Fully Passive Ownership

  • Prestigious Avis Farms Office Park

  • Ann Arbor, MI – Supply-Constrained Market

  • University of Michigan–Anchored Economy

  • Low Rollover Risk / High Income Durability

Listing Contacts

MZ
MI MI 369338
Exp Realty
Listed by Exp Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$493,950.00
$41,162.50/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
MARK Z
License
MI 369338
Brokerage
JMZ Management
Title
Real Estate Broker
Brokerage Address
40020 West 12 Mile Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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