19900 W. 9 Mile Road - SALE

Office for Sale
Catylist Listing ID: 30181888
Property Subtypes: Office Building
Building Size (RSF): 60,000 SF
Gross Land Area: 3.39 SF
Sale Price: $3,975,000
Unit Price: $66.25 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 10.6%
Average Occupancy Rate: 75
Last Updated: 2/14/2018

Overview / Comments

Premium 2-story office building with a long standing tenant. Specs Howard has been at this location since 1994 and occupies 75% of the building. Convenient & ample parking on this well maintained property. Solid demographics within a 5 mile radius. Prominent location at the corner of 9 Mile & Evergreen Roads.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Southfield S of 10 Mile
Tax ID/APN: cpixtax
Area Description: Located at the north east corner of 9 Mile Road & Evergreen Road in Southfield, MI. Minutes away from M-10 (Lodge Freeway), M-39 (Southfield Freeway), & I-696.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 30,000 SF
Year Built: 1971
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,363 148,299 419,843
Median Age: 43.28 39.66 39.4
Households: 3,424 60,975 171,540
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