Wixom, MI
Kumo Capital has acquired the Century Technology Center, a 48,847 SF multi-tenant flex industrial facility in the fast-growing Detroit suburb of Wixom, MI. This fully occupied property was acquired at an attractive basis of $106.45/SF, presenting a compelling value-add opportunity with immediate and durable cash flow. The business plan focuses on optimizing below-market rents and converting gross leases to triple-net (NNN), creating significant upside potential.
Strong In-Place Performance: The asset was acquired at 100% occupancy, providing stable day-one returns with a projected year-one cap rate of 6.65%.
Significant Value-Add Potential: A clear path exists to increase the cap rate to 8.58% by year three and 10.94% by year five through strategic rent growth and lease conversions. This strategy is projected to grow Net Operating Income (NOI) by 29% within the first three years.
High-Level Return Metrics: The investment is forecasted to generate a 17.79% IRR and a 2.08x equity multiple over the hold period.
Tenant Composition: The property features a diverse mix of seven credit-worthy tenants and is anchored by national tenants Ford Motor Company and Leaf Home Security, who together occupy 27% of the gross leasable area.
Building Specifications: The facility offers varying unit sizes from 4,780 to 8,515 SF, 19’ clear heights, ten 14’ drive-in doors, and two shared loading docks.
Strategic Location: Situated in Wixom, one of Oakland County’s most affluent areas, the property has direct access to I-96 and other major logistical corridors. The immediate area boasts strong demographics, with a median household income above $90,000 and a population of more than 60,000 within a three-mile radius.
This investment combines the security of a fully leased asset with significant, clearly defined upside. By capitalizing on strong market fundamentals and executing a strategic lease-up plan, Kumo Capital will transform the property into a high-performing asset, providing investors the potential for double-digit cash-on-cash yields and a profitable exit.
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Kumo Capital offers accredited investors the chance to invest in a diverse portfolio of lower-risk, high-yield real estate assets. Our strategic approach and market expertise have generated over $65 million in value for our investors. When you partner with us, you’re investing with a dedicated team committed to your financial success, providing regular updates and comprehensive reports to keep you informed. In essence, Kumo Capital is dedicated to maximizing your returns, minimizing risks, and ensuring transparency in every investment decision.
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Just kidding 😉 . We have a lot going on, and we’d be happy to bring you in….whether it’s simply explaining our strategy and going our separate ways or earning the opportunity to deliver you real results.
