20411 W 12 Mile Rd - Office FOR SALE


Southfield, MI 48076
$1,700,000 USD
248-210-5219
20411 W 12 Mile Rd, Southfield, MI for Sale
$1,700,000 USD
Office - FOR SALE
1/15
null | 9.82% Cap Rate

20411 W 12 Mile Rd
Southfield, MI 48076


OVERVIEW

16,240 SF 2-story best in class multi-tenant office building Recently updated common areas with modern finishes and materials Stable occupancy w/ 93% occupancy including quality service, general office and medical tenants Tenant suites updated including flooring and lighting Newer capital improvements include new roof and soffit (2024), HVAC (2023-2025), parking lot (2025), exterior painting (2022) $167,000 NOI projected in 2026 Full partially finished basement available for lease for additional upside Over parked surface parking lot with 6.3/1,000 SF parking spaces available Central Southfield located on the south side of 12 mile road ½ mile west of Evergreen Road

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

9.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

OS

APN/PARCEL ID

24-15-226-034

ASK ABOUT THIS PROPERTY

Todd HawleyFriedman Real EstateMore Info
248-210-5219

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Todd HawleyFriedman Real EstateMore Info
248-210-5219

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