31600-31700 W 13 Mile Rd - Office FOR SALE


Farmington Hills, MI 48334- Farmington
$17,278,000 USD
248-226-1611
31600-31700 W 13 Mile Rd, Farmington Hills, MI for Sale
$17,278,000 USD
Office - FOR SALE
1/16
null | 9% Cap Rate

31600-31700 W 13 Mile Rd
Farmington Hills, MI 48334
Farmington


OVERVIEW

-Office Evolution and Venture X - new 15-year NNN leases commence at close of escrow -Personal/Franchisee Lease Guarantee - Annual 2% rent escalations - Located in Farmington Hills (Oakland Country, MI) – One of the Wealthiest in the Country - Anchored by industry leaders Office Evolution and Venture X - State-of-the-Art facilities and amenities -A historically high occupancy rate - strong market appeal and consistent performance - A 9.23% blended cap rate over the 15-year holding period

FOR SALE DETAILS

PRICE

$17,278,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Venture X | Office Evolution | Co-Working

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

196

LAND DETAILS

LAND ACRES

3.14 AC

LAND SF

136,778 SF

ZONING

B-1

APN/PARCEL ID

23-03-476-041

ASK ABOUT THIS PROPERTY

Raymond JonnaColliersMore Info
248-226-1611

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Raymond JonnaColliersMore Info
248-226-1611

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