Two-Building Office Complex Value Add Office FOR SALE


Farmington Hills, MI - Farmington
$2,750,000 USD
248-701-9001
, Farmington Hills, MI for Sale
$2,750,000 USD
Office - FOR SALE
1/5
null | 3.54% Cap Rate

Two-Building Office Complex Value Add
Farmington Hills, MI
Farmington


HIGHLIGHTS

  • Two office buildings totaling 63,807 SF - Priced at only $43.10 per SF
  • Value-add opportunity: 60% occupied
  • Fantastic location in between 12 Mile Rd and I-696
  • Walking distance from many restaurants and amenities
  • New boilers in both buildings, new air conditioning units, and new furnaces
  • 2.42 acre site with abundant parking

OVERVIEW

Quakertown Plaza is an excellent value-add investment opportunity consisting of two (2) three story office buildings totaling 63,807 SF. Importantly, these buildings are priced at less than 25% of replacement value. This offering is suitable for investors seeking undervalued office product in a high quality area or a user needing 10,000+ SF. Additionally, these buildings offer an opportunity to re-position and create a new identity on 12 Mile Rd. Current tenants currently occupy 60% of the office spaces providing an excellent opportunity for a new owner to re-brand and occupy a significant amount of space. Current ownership has recently upgraded the heating/cooling system and other cosmetic improvements to the office complex. The property is ideally situated just off W 12 Mile Rd, east of Farmington Rd in Farmington Hills, a high-traffic office corridor with easy access to I-696. The Quakertown Plaza buildings, priced as a value alternative, offer potential for upgrades or repositioning. Adjacent to Level One Bank Headquarters, Residence Inn by Marriott, and Courtyard by Marriott, the property is also within walking distance of various restaurants and local amenities. For buyers seeking their own office building, this location provides excellent visibility on 12 Mile Road and access to a shared monument sign at the signaled boulevard entrance.

ASK ABOUT THIS PROPERTY

Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.