West 11 Corporate Park 400 Tower
Office | 150,507 SqFt
Marketing description
Friedman Real Estate has been retained by the Owner as exclusive advisor for the 100 percent fee simple interest sale the West 11 Corporate Office Campus 400 Tower Building, a ±150,507 SF, ten-story office building located in Southfield, Michigan. The opportunity presented within this Offering Memorandum gives potential investors the ability to acquire an office building with numerous redevelopment and conversion options at well below replacement cost
West 11 Corporate Campus 400 Tower ("Property") is a 10-story office building located within the larger 4-building West 11 Corporate Office Campus located in Southfield, Michigan, approximately 17 miles northwest of downtown Detroit. The site is situated along Eleven Mile Road where it intersects Inkster Road.
The site has multiple points of access and ±634 surface parking space. The adjacent 24-acre site where the other 3 West 11 Corporate Campus buildings are located were recently sold for future development.
The ±9-acre site is zoned Regional Center (RC), which allows for a wide variety of alternative uses (link to ordinance | Zoning Map Link). Also located in SmartZone Overlay Development District (ODD), which allows for mixed-use developments akin to a planned development, but easier to effectuate (Overlay Link).
There are various tax incentives at the local, state, and federal levels that could be available with a prospective redevelopment/conversion.
The Property is located within the northwestern corner of Southfield and benefits from proximity to numerous area amenities along Telegraph Road (US-24), including Tel-Twelve Mall and Franklin Plaza. This location also provides excellent visibility and convenient access to the local and regional expressway systems servicing Metro Detroit, including 1-696, Northwestern Highway, M-10 (John C. Lodge Freeway aka The Lodge"), M-39 (Southfield Freeway), M-102 (Eight Mile Road), US-24 (Telegraph Road), M-5 (Grand River Avenue), and M-1 (Woodward Avenue)
Investment highlights
- Ideal corporate HQ with ability to add tech center on the site
- 10-story building with abundant windows
- Prominent building signage available visible from 11 Mile Rd and I-696
- Ability to expand on the site
- Major interior and exterior renovations completed in 2020
- Dedicated service parking lots surrounding the building with easy access to all building entrances
- Two truck wells in shipping in receiving area
- Located in the heart of Southfield office market with proximity to all area freeways: I-696, Northwestern Hwy, John C Lodge Fwy
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