rare small office investment in farmington hills · 2019-11-15 · 37875 w 12 mile rd, farmington...
TRANSCRIPT
OFFICE PROPERTY FOR SALE
Rare Small Office Investment InFarmington Hills37875 W 12 MILE RDFARMINGTON HILLS, MI 48331
98% leased
Annual rent increases
Strong tenant base including AT&T
Beautifully maintained building
MATTHEW J. SCHIFFMAN Senior Associate
FOR MORE INFORMATION CONTACT:
[email protected] (P) 248.281.9907 (C) 248.943.644926555 Evergreen Road, Suite 1500 • Southfield, MI 48076
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
OFFERING SUMMARY
Sale Price: $1,100,000
Building Size: 7,274 SF
Lot Size: 0.52 Acres
Zoning: KI
Year Built: 1986
Market: Detroit
Submarket: Farmington/Farm Hills
PROPERTY OVERVIEWThis 7,274 SF office building offers the opportunity to be a part of the tight-knit officepark in northern Farmington Hills. This attractive office building is the winner ofmultiple beautification awards. Recent updated includes upgraded bathrooms,mechanicals, and a new roof.
The property is nestled in a private wooded setting and is within walking distance torestaurants, shopping, and a 9 hole golf course. Conveniently located within minutesof M-5 and I-696.
PROPERTY HIGHLIGHTS
• 98% leased
• Annual rent increases
• Strong tenant base including AT&T
• Beautifully maintained building
O F F I C E P R O P E R T Y F O R S A L E
PARK ON THE GREEN37875 W 12 MILE RD, FARMINGTON HILLS, MI // EXECUTIVE SUMMARY
MATTHEW J. SCHIFFMAN Senior Associate
FOR MORE INFORMATION CONTACT:
[email protected] (P) 248.281.9907 (C) 248.943.644926555 Evergreen Road, Suite 1500 • Southfield, MI 48076
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
O F F I C E P R O P E R T Y F O R S A L E
PARK ON THE GREEN37875 W 12 MILE RD, FARMINGTON HILLS, MI // FINANCIAL SUMMARY
MATTHEW J. SCHIFFMAN Senior Associate
FOR MORE INFORMATION CONTACT:
[email protected] (P) 248.281.9907 (C) 248.943.644926555 Evergreen Road, Suite 1500 • Southfield, MI 48076
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
O F F I C E P R O P E R T Y F O R S A L E
PARK ON THE GREEN37875 W 12 MILE RD, FARMINGTON HILLS, MI // AERIAL MAPS
MATTHEW J. SCHIFFMAN Senior Associate
FOR MORE INFORMATION CONTACT:
[email protected] (P) 248.281.9907 (C) 248.943.644926555 Evergreen Road, Suite 1500 • Southfield, MI 48076
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
O F F I C E P R O P E R T Y F O R S A L E
PARK ON THE GREEN37875 W 12 MILE RD, FARMINGTON HILLS, MI // RETAILER MAP
MATTHEW J. SCHIFFMAN Senior Associate
FOR MORE INFORMATION CONTACT:
[email protected] (P) 248.281.9907 (C) 248.943.644926555 Evergreen Road, Suite 1500 • Southfield, MI 48076
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 5,490 67,701 177,577
Median age 44.5 40.9 41.8
Median age (Male) 46.1 40.4 40.2
Median age (Female) 43.6 41.7 43.2
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,173 28,639 74,803
# of persons per HH 2.5 2.4 2.4
Average HH income $130,831 $101,904 $97,294
Average house value $326,685 $283,041 $274,846
* Demographic data derived from 2010 US Census
O F F I C E P R O P E R T Y F O R S A L E
PARK ON THE GREEN37875 W 12 MILE RD, FARMINGTON HILLS, MI // DEMOGRAPHICS MAP & REPORT
MATTHEW J. SCHIFFMAN Senior Associate
FOR MORE INFORMATION CONTACT:
[email protected] (P) 248.281.9907 (C) 248.943.644926555 Evergreen Road, Suite 1500 • Southfield, MI 48076
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
O F F I C E P R O P E R T Y F O R S A L E
PARK ON THE GREEN37875 W 12 MILE RD, FARMINGTON HILLS, MI // LOCATION MAPS