The Quest Diagnostics building is located at 4444 Giddings Rd. The class-B building was constructed in 1988 on approximately 10 acres. Quest Diagnostics Inc. is one of the world's leading clinical laboratories. The company is rated BBB by Standard & Poor's and has agreed to a 10-year triple-net lease with escalations expiring in May 2015. The list price represents $113 per sf.
"The security of a long term BBB-rated credit tenant, its location in a booming submarket and the triple-net nature of its lease combine to make this property a secure investment with little management and solid returns," says listing agent William T. O'Connor, an investment specialist in Marcus & Millichap's Detroit office.
Auburn Hills is home to an increasing amount of industrial and technological firms, including the Daimler-Chrysler world headquarters.
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