Property History
Property Type
Property Type
Property Subtype
Marketing Description
NAI Farbman is pleased to present for sale, Timberland I (the “Property”), an opportunity for investors to acquire a +/- 84,779 SF office property located in Troy, Michigan. The property is currently 33% occupied, providing upside for the next owner. We project a stabilized NOI of $1,065,189 at the end of Year 2 at an occupancy of 95% in our analysis. Aside from the building’s excellent location, Timberland I currently offers abundant parking and nearby amenities such as a wide array of retail shops, hotels, and restaurants in the surrounding area. A repositioning of the asset by the buyer could further enhance value and allow the next owners to stabilize the property and push rents.
Investment Highlights
- Tremendous Upside Available Through Lease Up
- Capital Infusion in Year 1 Can Lead to Higher Rents/Returns
- Located in Strong Troy Office Market
- Purchasable Below Replacement Cost
- Well Constructed Brick Facility
- Owner User Opportunity
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
William Bubniak
•••.•••.4379
•••••••••••team@•••••••.com
Listing removed on
BY:
Mario Giglio
•••.•••.0127
••glio@•••••••.com
Listing removed on
BY:
Alis Babi
•••.•••.4370
babi@•••••••.com
Listing removed on
BY:
Todd Szymczak PRO
•••.•••.6315
••••czak@•••••••.com
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