Listed by NAI Farbman Southfield
$330,000
13650 W 8 Mile Rd
Details
Property Type Office
Sub Type Executive Office
Square Footage 3,867
Cap Rate 8.50%
Tenancy Single
Lease Term 5
Year Built 1957
Year Renovated 2010
Office | 8.50% CAP | 3,867 SF
Marketing description
Fantastic Office Building Was 100% Rebuilt in 2010. Centralized Location With Ample Visibility and Easy Access.
Investment highlights
- 8.5% Cap Rate Single Tenant Investment
- Longstanding Tenant (7 Years) Renewed Lease (5 Years) on 11-1-2022
- Prime Frontage on 8 Mile Road With Extremely High Traffic Counts
- Fantastic Central Location Near Area Freeways
- Ample Commercial Visibility
- Annual Rent Escalations Throughout Lease Term
- Limited Landlord Responsibilities
- Asking Price: $330,000.00
Listing Contacts
Listed by NAI Farbman Southfield
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