
37,740 SF Four Building Portfolio
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%
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