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27417693
27553647

4 Locations

MM
MI 6501182453
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate
$3,499,000
238 days on market
Updated 92 days ago

37,740 SF Four Building Portfolio

Details
APN 13-18-378-002; 13-18-378-009; 13-18-378-003; 13-18-378-002; 13-18-378-0100
Property Type Industrial, Office (+1)
Sub Type Storefront, Traditional Office (+1)
Units 15
Cap Rate 4.05%
NOI $141,800
Occupancy 63%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 11.30%
Pro-Forma NOI $452,880
Class B
Year Built 1947/1940/1989 /1990
Year Renovated 2001
Buildings 4
Stories 6
Acreage 0.36 - 2.44
Zoning Light Industrial & BI
Parking Spaces 85 spaces
Investment Type Value Add
Ceiling Height 16'
Dock High Doors 7

37,740 SF Warehouse, Retail, and Office Portfolio | 15 Units, 63% Occupied

Marketing description

P.A. Commercial is pleased to present the rare opportunity to acquire a four-building, multi-tenant portfolio strategically positioned along Highland Road (M-59) in Waterford, Michigan. Situated on 3.26 acres with Business Improved (BI) zoning, this offering combines a diverse mix of retail, office, showroom, and warehouse product—providing both immediate income and significant value-add potential.

The portfolio consists of 15 units across 37,740 SF with a current occupancy of 63%, creating an attractive opportunity for investors to unlock upside through active leasing and repositioning. With 310 feet of prime frontage along Highland Road—exposed to over 38,460 vehicles per day—the properties offer excellent visibility and accessibility. Tenants also benefit from ample on-site parking, a mix of pylon, monument, and building signage, and close proximity to regional anchors.

SIGNIFICANT PORTFOLIO SIZE
This four-building portfolio offers 37,740 SF of leasable space situated on 3.26 acres. With ample parking and functional layouts, the properties can accommodate a wide range of tenant needs across retail, office, showroom, and industrial uses.

DIVERSE BUILDING MIX WITH 15 UNITS
The portfolio consists of retail, showroom, office, and warehouse assets, spread across 15 multi-tenant units. This mix provides tenant diversity and income stability while allowing flexibility to adapt to shifting market demand.

BI AND INDUSTRIAL ZONING FLEXIBILITY
With Business Improved (BI) and industrial zoning in place, the properties offer investors multiple leasing strategies. From retail and office users to warehouse and light industrial tenants, the portfolio is well-positioned to capture a broad spectrum of businesses.

UNMATCHED VISIBILITY ON HIGHLAND RD
Featuring 310 feet of frontage along Highland Road (M-59), one of Waterford’s busiest corridors, the portfolio benefits from 38,460 vehicles per day. Prominent pylon, monument, and building signage ensure maximum exposure for tenants.

STRATEGIC LAKES AREA SUBMARKET
Located in the Lakes Area submarket of Oakland County, the properties are directly across from Oakland County International Airport and near Pontiac Lake Recreation Area. The corridor is a destination for both businesses and consumers, driving consistent tenant demand.

COMPELLING VALUE-ADD OPPORTUNITY
With current occupancy at 63%, the portfolio offers a clear value-add investment. Active leasing and repositioning present significant upside potential, allowing investors to enhance cash flow and increase long-term asset value.

Investment highlights

  • Four-Building Portfolio Totalling 37,740 Sf On 3.26 Acres

  • 15 Units Provide Diverse Income Streams

  • Mix Of Retail, Showroom, Office, And Warehouse Uses—Offering Tenant Diversity And Flexibility

  • 63% Occupancy Presents A Clear Value-Add Leasing Opportunity

  • Zoned For Business And Industrial Use

  • 310’ Of Prime Frontage On Highland Rd (M-59) With 38,460 Vpd

  • Ample Parking, 12 Overhead Doors, Signage Opportunities, And Storage

  • Located In The Desirable Waterford Area

  • Close Proximity To Amenities And Services

  • Directly Across From Oakland County International Airport And Near Pontiac Lake

  • Cap Rate: 4% | Pro Forma Cap Rate: 12.9%

Listing Contacts

MM
MI 6501182453
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$141,800.00
$11,816.67/mo

Valuation Metrics

0
DSCR
4.05%
Cap Rate
4.05%
ROI

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Additional Information

Name
Mark Mamassian
License
6501182453
Brokerage
P. A. Comercial
Brokerage Phone
2488019949
Title
Senior Associate
Brokerage Address
26555 Evergreen Road
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