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20180 W 12 Mile Rd 9,052 SF 100% Leased Office Building Southfield, MI 48076 $2,781,160 CAD ($307.24 CAD/SF) 8% Cap Rate
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
$2,781,160 CAD
Price Per SF
$307.24 CAD
Cap Rate
8%
NOI
$222,493 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,052 SF
Building FAR
0.21
Lot Size
0.97 AC
Zoning
OS, Office Service
Parking
62 Spaces (6.85 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-10-479-056 | Improvements Assessment | $198,783 CAD |
| Land Assessment | $147,179 CAD | Total Assessment | $345,962 CAD |
Property Taxes
Parcel Number
24-10-479-056
Land Assessment
$147,179 CAD
Improvements Assessment
$198,783 CAD
Total Assessment
$345,962 CAD
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20180 W 12 Mile Rd
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