William O'Connor, a senior investment specialist in Marcus & Millichap's Detroit office, is listing agent. Donaldson Company, based in Vero Beach, FL, is the seller of building located at 1399 Pacific Dr.
"This asset provides a rare opportunity to acquire an institutional-quality suburban office property with an outstanding 9% capitalization rate," O'Connor says. "The property is in excellent condition with zero deferred maintenance. The single tenant in place is guaranteed by a $300-million plus corporation."
Haden International is a wholly-owned subsidiary of Infast Group, Plc.
The building was constructed in 1994 for the international automotive paint equipment manufacturer.
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