19575 Victor Pky - Office FOR SALE


Livonia, MI 48152
$6,500,000 USD
248-841-5007
19575 Victor Pky, Livonia, MI for Sale
$6,500,000 USD
Office - FOR SALE
1/14
null | 13.18% Cap Rate

19575 Victor Pky
Livonia, MI 48152


HIGHLIGHTS

  • Strong in-place NOI with annual lease bumps
  • Upside available through lease-up
  • Recent Fire Suppression System and Sprinkler Upgrade (2026)
  • Class A office building with underground parking
  • Located within the hottest office market in Metro Detroit

OVERVIEW

NAI Farbman is pleased to present Victor Park West (the “Property”), an opportunity for investors to acquire a large Class A suburban office building located in Livonia, Michigan-Metro Detroit’s hottest office market. The +/- 80,114 square foot building is currently 85.1% occupied with an in-place NOI of $856,520 with many tenants having steady lease bumps. The I-275 corridor of Livonia is one of the hottest office markets in the Detroit MSA it is a destination for discerning tenants including Masco, Trinity Health, 3M, Federal Mogul, TCF Bank and many more prestigious tenants. Investor’s Cash on Cash returns will only increase as the property is leased up. With a strong in place NOI and leasing upside in one of the hottest markets in Detroit MSA, Victor Park is poised for continued success.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

13.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victor Park West

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

4.61 AC

LAND SF

200,812 SF

ZONING

PO3

APN/PARCEL ID

46-999-00-2022-163

ASK ABOUT THIS PROPERTY

Todd SzymczakNAI FarbmanMore Info
248-841-5007

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Todd SzymczakNAI FarbmanMore Info
248-841-5007

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