248-841-5007
42350 Grand River Ave, Novi, MI for Sale
Office - FOR SALE
1/41
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42350 Grand River Ave
Novi, MI 48375


HIGHLIGHTS

  • Long-Term Credit Tenant
  • Significant Leasing Upside
  • Core Novi Location
  • Strong Local Demographics

OVERVIEW

NAI Farbman is proud to offer a compelling mixed-use investment opportunity at 42350 Grand River Avenue in Novi, Michigan. Built in 1995 and significantly renovated in 2021, this 37,260-square-foot property presents investors with a value-add opportunity in a highly desirable suburban Detroit corridor. Currently anchored by GR Medical on a long-term triple-net lease, this property could be a strategic owner-operator purchase or investor opportunity to reposition into the future.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use Medical Office

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

B-3

APN/PARCEL ID

22-23-226-001

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.