Listed by The Jonna Group at Colliers International, Colliers - Royal Oak/Detroit, Michigan
$3,700,000
23875 & 23895 Novi Road
Details
APN 50-22-27-200-037; 50-22-27-200-038
Property Type Office
Sub Type Medical Office
Cap Rate 7.42%
NOI $274,523
Occupancy 90%
Tenancy Multi
Brand/Tenant Goldstein Dental Group/ Guardian Dentistry Partners, Maria Pavia PA-C
Lease Type Gross
Year Built 1993
Buildings 2
Acreage 0.83 - 1.66
Zoning OS-1, OST
Parking Spaces 53 spaces
Office | 7.42% CAP
Investment highlights
- Two-Building Offering: 23895 & 23875 Novi Rd
- Available for Sale or Lease, Together or Separately
- Prime Novi Location: One of the Most Affluent, High-Income Cities in Oakland County
- High Visibility & Signage: Frontage and Signage Available Directly on Novi Road
- Signalized Intersection: Steps from the Novi Rd & 10 Mile Rd
- Intersection with Strong Daily Traffic Counts
- Available SF: 1,100 to 2,200 +/- SF Suites Available for Lease
- Established Commercial Hub: Surrounded by Twelve Oaks Mall,
- Busch's Market, Ace Hardware, Walgreens, CVS and other national retailers
- Zoning: OS-1, Ideal for Medical, Office, or Commercial/Service Use
Listing Contacts
Listed by The Jonna Group at Colliers International, Colliers - Royal Oak/Detroit, Michigan
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$274,523.00
$22,876.92/mo
Valuation Metrics
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DSCR
7.42%
Cap Rate
7.42%
ROI
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