30755 Montpelier Dr
State of Michigan Office Building | 9.42% CAP | 26,595 SqFt
Marketing description
The Subject property consists of a 26,595 square foot building currently leased to the State of Michigan, Department of Health and Human Services. The subject property was constructed circa 1990 (per property records) and offers the opportunity for an investor to acquire an asset with superior cash flow, at a compelling intrinsic value of only $137 per square foot.
Madison Heights is a well-established inner-ring suburb of Metro Detroit, positioned in southern Oakland County, one of Michigan’s most affluent and economically diverse counties. The city benefits from exceptional regional accessibility, located at the convergence of two of Southeast Michigan’s most critical transportation corridors, Interstate 75 and Interstate 696, providing direct connectivity to Downtown Detroit, Troy, Royal Oak, and the broader Detroit metropolitan area.
Michigan Broker of Record: Paul Kerber
License#: 6502433613
Investment highlights
9.42% potential year-one CAP rate
Newer Construction 1990
Strong lease guarantor
Located in Madison Heights, a well-established suburb in southern Oakland County.
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