Listed by Lasco Real Estate Group
$4,500,000
5900 Highland Road
Details
APN 13-16-352-020
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 49,434
Net Rentable (SqFt) 49,434
Units 1
Occupancy 20%
Tenancy Multi
Lease Type Gross
Lease Term 5
Lease Expiration 06/30/2029
Remaining Term 3
Class B
Year Built 1993
Year Renovated 2023
Buildings 5
Stories 1
Acreage 7.280
Zoning BI
Parking Spaces 1,500 spaces
Parking Per SqFt 30.34
Investment Type Owner/User
Lease Commencement 07/01/2024
Occupancy Date 11/04/2024
Ownership LLC
Large parcel, 6.5+ac. Adjacent to airport, Heavy traffic, high visibility location.
Marketing description
Lasco Real Estate Group is pleased to present the exclusive listing at 5900 Highland Road, Waterford, Mi 48327, offered at $4,800,000.00. Built in 1972 and fully renovated in 2023, this property is comprised of 49,434 square feet of building space and sits on just under 7.5 acres of land. The front portion has been used in the past for automotive dealership sales, but would also be ideal for any business requiring retail store frontage or clients services, with private offices for management as well. This property is partially leased, just under 20%, through 6/30/29.
Owners would consider a NNN Lease in lieu of a fee simple sale as well.
This Property consists of two parcels - 1316352020 (6.359ac) & 1316352029 (.918ac)
Listing Contacts
Listed by Lasco Real Estate Group
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