2820 W Maple Rd - Medical FOR SALE


Troy, MI 48084
$2,950,000 USD
248-935-2754
2820 W Maple Rd, Troy, MI for Sale
$2,950,000 USD
Medical - FOR SALE
1/26
null | 5% Cap Rate

2820 W Maple Rd
Troy, MI 48084


OVERVIEW

Outstanding long-term investment or owner-user opportunity in a prime Troy location! This approximately 16,600-square-foot, two-story professional office building is situated on approximately 1.24 acres along highly traveled W. Maple Road, near Coolidge Highway and Birmingham. The property currently features 47 individual rental units, providing diversified income and flexibility for investors. The building is currently 97 % leased, generating approximately $19,787 in monthly gross revenue, and $237,400 in annual gross income. Annual operating expenses are approximately $84,777 resulting in an estimated net annual income of $152,623. The multi-tenant configuration offers a variety of suite sizes, making the property well suited for a long-term investor or an owner-user seeking to occupy a portion of the building while continuing to generate rental income from the remaining units. Features include a central lobby, common hallways and restrooms, convenient building access, prominent signage opportunities and ample surface parking. Strategically located near Birmingham, Somerset Collection, Oakland/Troy Airport and major transportation routes. Excellent opportunity to acquire a well-positioned commercial asset with existing income, value-add potential and long-term appreciation opportunities. Financial information is subject to verification. Buyer and buyer’s agent to verify all information.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Maple Office Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

BI

APN/PARCEL ID

20-29-352-046

ASK ABOUT THIS PROPERTY

Paul MychalowychBirmingham Realty LLCMore Info
248-935-2754

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Paul MychalowychBirmingham Realty LLCMore Info
248-935-2754

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