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20180 W 12 Mile Rd

9,052 SF 100% Leased Office Building Southfield, MI 48076 £1,578,000 (£174/SF) 8% Net Initial Yield

Executive Summary

Single Tenant Medical NNN Lease. $160,000.00 Net Operating Income. Ample parking. Close proximity to Corewell Health Royal Oak and local retail. Convenient access off I-696 & Evergreen exit.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
9,052 SF
Building Class
B
Year Built/Renovated
1973/2013
Price
£1,578,000
Price Per SF
£174
Net Initial Yield
8%
NOI
£126,240
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
9,052 SF
Building FAR
0.21
Land Acres
0.97 AC
Zoning
OS, Office Service
Parking
62 Spaces (6.85 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-10-479-056
Land Assessment
£82,495
Improvements Assessment
£94,856
Total Assessment
£177,352
  • Listing ID: 24505302

  • Date on Market: 17/11/2021

  • Last Updated:

  • Address: 20180 W 12 Mile Rd, Southfield, MI 48076

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