15612 W 10 Mile Rd - Freestanding FOR SALE


Southfield, MI 48075
$4,625,000 USD
248-535-9495
15612 W 10 Mile Rd, Southfield, MI for Sale
$4,625,000 USD
Freestanding - FOR SALE
1/39
null | 7.2% Cap Rate

15612 W 10 Mile Rd
Southfield, MI 48075


OVERVIEW

Opportunity to purchase a value-add strip retail center in Southfield, Michigan. These properties consist of 14 tenants and a diversified rent roll of service businesses resistant to e-commerce trends. Through the mark to market of rents and conversion to NNN leases, investors have the opportunity to increase NOI while clipping in-place cash flow. The rent roll has a staggered expiration schedule allowing for smooth cash flow and operations.

FOR SALE DETAILS

PRICE

$4,625,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

New Orleans Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

3.27 AC

LAND SF

142,441 SF

ZONING

B-3

APN/PARCEL ID

24-24-483-021

ASK ABOUT THIS PROPERTY

Marcus ShekerAltitude Commercial Real EstateMore Info
248-535-9495

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Marcus ShekerAltitude Commercial Real EstateMore Info
248-535-9495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.