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11500053

30180 Orchard Lake Rd, Farmington Hills, MI 48334 For Sale

Steuer & Associates Inc.
Listed by Steuer & Associates Inc.
$1,575,000
1139 days on market
Updated 136 days ago

Orchard showroom/medical/office space

Details
Property Type Office
Sub Type Traditional Office
Square Footage 9,000
Net Rentable (SqFt) 8,750
Cap Rate 2.54%
NOI $40,000
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 6.35%
Pro-Forma NOI $100,000
Price per SqFt $175
Class B
Year Built 1986
Year Renovated 2023
Buildings 1
Stories 1
Zoning office medical
Investment Type Owner/User
Occupancy Date 08/01/2023
Sale Condition For sale by owner

retail showroom, medical, or office

Marketing description

High visibility to over 52,000 daily vehicles on Orchard Lake Road, with convenient access to I-696 and Northwestern Highway.

Ideal for any business that wants the public to see it products.

Building and monument signage.

Floor to ceiling wall to wall windows can be added.

Main floor entry with adjacent parking and 3 separate entrances on each side make it easy to use as multi or single tenant building.

Current tenants can stay or leave, so you can occupy 1200/3000/4500/6500 or 9000 ft now. Start small and let other tenants pay you rent while you grow your business.

Investment highlights

High visibility to over 52,000 daily vehicles on Orchard Lake Road, with convenient access to I-696 and Northwestern Highway.

Ideal for any business that wants the public to see it products.

Building and monument signage.

Floor to ceiling wall to wall windows can be added.

Main floor entry with adjacent parking and 3 separate entrances on each side make it easy to use as multi or single tenant building.

Current tenants can stay or leave, so you can occupy 1200/3000/4500/6500 or 9000 ft now. Start small and let other tenants pay you rent while you grow your business

Listing Contacts

Steuer & Associates Inc.
Listed by Steuer & Associates Inc.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$40,000.00
$3,333.33/mo

Valuation Metrics

0
DSCR
2.54%
Cap Rate
2.54%
ROI

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