

31500 13 Mile Rd
FOR AUCTION VIA TEN-X: Office | 46,468 SF
Marketing description
Farmington Hills is an affluent suburb Northwest of Detroit and is the second most populated city in Oakland County, with a population of 83,986 at the 2020 census. The city ranks as one of the safest in the United States as well as in the state of Michigan. Farmington Hills is home to the headquarters of various major companies including Bosch, Mercedes-Benz Financial Services, TD Auto Finance, 5-Hour Energy, and Nissan North American Technical Center, among others. Hitachi Automotive Systems Americas, Inc., Panasonic Automotive Systems and Lordstown Motors all have research and development centers in Farmington Hills. Farmington Hills has 9.8 MM square feet of office space and has experienced 123,000 SF of negative net absorption of leased space in the prior 12 months. The vacancy rate is 14.8%.
Investment highlights
- Fantastic Class B Office Building in Farmington Hills
- Amazing Location just One Mile from Area Freeways
- Monument Signage on 12 Mile Rd
- Huge Upside Potential to Lease Additional 15,737 SF, Add Utility Charges, and Convert Leases to Rentable Square Feet
- Abundant Parking with 170 Free Surface Spaces
- Smooth Ingress / Egress with Prime Main Road Visibility
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