17515 W 9 Mile Rd - Office FOR SALE


Southfield, MI 48075- Southfield Downtown
$8,450,000 USD
248-343-3582
17515 W 9 Mile Rd, Southfield, MI for Sale
$8,450,000 USD
Office - FOR SALE
1/6
null | 10.02% Cap Rate

17515 W 9 Mile Rd
Southfield, MI 48075
Southfield Downtown


OVERVIEW

Robust Stabilized Cash Flow | Diverse Tenant Mix | Long-Term Institutional & Regional Commitments 88% leased to 81 tenants across Tier 1 auto suppliers, healthcare, legal, technology, and service industries Key tenants include Kenmar Corporation since 1969 (11,457 SF), Language Center International (7,605 SF), and Veteran’s Advocacy Network (4,750 SF) Weighted Average Lease Term (WALT): ~2.89 years No single tenant accounts for more than 8% of NRA, ensuring strong income diversification Strategic Location | Core Southfield Corridor Prominently located in Metro Detroit’s most established office corridor with direct freeway access to I-696, M-10, and Southfield Road Surrounded by major corporate headquarters, medical centers, and deep labor pool Southfield remains a key business hub for healthcare, technology, and professional services, supporting long-term tenant demand Visible to 300,000 vehicles per day Recent Capital Investments | Modernized Building Systems | Competitive, Turnkey Asset Over $2.5M invested in renovations, including lobbies, corridors, restrooms, and parking lot Over 120,000 SF of new tenant buildouts delivered to accommodate modern space requirements Extensive improvements position Nine Mile Crossing as a stabilized, investment-grade asset with minimal near-term capital needs Significant Upside | Rent Growth & Mark-to-Market Potential Stabilized occupancy provides immediate, durable cash flow Near-term rollover allows new ownership to capture mark-to-market rent increases Proven leasing momentum with 140,000 SF leased since acquisition Positioned as an investment-grade asset offered well below replacement cost, with embedded NOI growth through contractual escalations and vacancy lease-up.

FOR SALE DETAILS

PRICE

$8,450,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

10.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nine Mile Crossing

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

12

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

550

LAND DETAILS

LAND ACRES

5.7 AC

LAND SF

248,292 SF

ZONING

BI

APN/PARCEL ID

24-36-104-001

ASK ABOUT THIS PROPERTY

Tarik DinhaI'll Buy It LLCMore Info
248-343-3582

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Tarik DinhaI'll Buy It LLCMore Info
248-343-3582

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