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34601869

39001 West 12 Mile Road, Farmington Hills, MI 48331 For Sale

ML
MI MI 6501395927
Landmark Commercial Real Estate Services
DK
MI 6502361395
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services
$12,693,574
2 days on market
Updated 2 days ago

STNL Investment Grade Bank of America Regional Management HQ

Details
Property Type Office
Sub Type Traditional Office
Square Footage 58,613
Units 1
Cap Rate 7.75%
NOI $983,752
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Expiration 03/31/2032
Year Built 1996
Buildings 1
Acreage 4.600
Zoning OS-4, Office Research District
Lease Commencement 07/25/2016

About This Property for Sale

Marketing description

Landmark Investment Sales is exclusively offering for sale Bank of America's flagship regional wealth management office, a premier financial services headquarters housing over 80 financial advisors and their teams following a strategic multi-office consolidation. The tenant demonstrated significant long-term commitment to the asset by investing over $5 million into modern facility upgrades.

Positioned within one of metro Detroit's strongest suburban office corridors with immediate access to I-96, I-275, M-5, and I-696, the Property is surrounded by major corporate employers and affluent residential communities.

This investment offers a rare opportunity to acquire irreplaceable real estate featuring investment-grade credit, strong tenant capital commitment, and contractual rental growth.

Investment highlights

  • Substantial Tenant Capital Investment
  • Investment-Grade Credit with Annual Rent Growth
  • Recent Property Capital Improvements
  • Exceptional Residual Real Estate Value

Listing Contacts

ML
MI MI 6501395927
Landmark Commercial Real Estate Services
DK
MI 6502361395
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$983,752.00
$81,979.33/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Max Lippitt
License
MI 6501395927
Brokerage
Landmark Commercial Real Estate
Brokerage Phone
2485148156
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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