Total Square Footage: 74,843
Acquired: September 29, 2022
Tenant Name: Limbach Company LLC
On September 29, 2022, Royal Oak acquired the office, fabrication, and storage facility of Limbach Company LLC (“Limbach”) located in Pontiac, MI. The property is located in the Detroit, MI metropolitan statistical area. Limbach signed a 25-year absolute net lease at closing.
The property is a 74,843 square foot facility that sits on approximately 6.31 acres. The property consists of an office building originally built in 1964 and an industrial building built in 1975. The property serves as Limbach’s operations hub servicing Michigan, as well as parts of Indiana and Ohio. Operations include fabrication of end products including sheet metal, plumbing, and piping to be used in commercial HVAC and plumbing systems. The office building has gone through two major expansions since the initial build, most recently in 2011. Over the next several years, Limbach plans to make additional improvements to
Founded in 1901, Limbach (NASDAQ: LMB) is an integrated building systems solutions firm whose expertise is in the design, modular prefabrication, installation, management and maintenance of HVAC, mechanical, electrical, plumbing and controls systems. They provide comprehensive facility services consisting of mechanical construction, full HVAC service and maintenance, energy audits and retrofits, engineering, and design build services, constructability evaluation, equipment and materials selection, offsite/prefabrication construction, and the complete range of sustainable building solutions. In 2021, Limbach was ranked the 7th largest mechanical contractor according to Engineering News Record.