30755 Montpelier Rd - Office FOR SALE


Madison Heights, MI 48071
$3,650,000 USD
415-625-2117
30755 Montpelier Rd, Madison Heights, MI for Sale
$3,650,000 USD
Office - FOR SALE
1/6
null | 9.42% Cap Rate

30755 Montpelier Rd
Madison Heights, MI 48071


HIGHLIGHTS

  • 9.42% potential year-one CAP rate.
  • Newer Construction 1990.
  • Strong lease guarantor (State of Michigan) with site location providing essential community services.
  • Located in Madison Heights, a well-established suburb in southern Oakland County.

OVERVIEW

The Subject property consists of a 26,595 square foot building currently leased to the State of Michigan, Department of Health and Human Services. The subject property was constructed circa 1990 (per property records) and offers the opportunity for an investor to acquire an asset with superior cash flow, at a compelling intrinsic value of only $137 per square foot. Madison Heights is a well-established inner-ring suburb of Metro Detroit, positioned in southern Oakland County, one of Michigan’s most affluent and economically diverse counties. The city benefits from exceptional regional accessibility, located at the convergence of two of Southeast Michigan’s most critical transportation corridors, Interstate 75 and Interstate 696, providing direct connectivity to Downtown Detroit, Troy, Royal Oak, and the broader Detroit metropolitan area. Michigan Broker of Record: Paul Kerber License#: 6502433613

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

9.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

150,016 SF

ZONING

-

APN/PARCEL ID

25-11-201-037

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

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