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Mixed Use Medical Office 42350 Grand River Ave 37,260 SF 100% Leased Office Building Novi, MI 48375 For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Credit Tenant
- Core Novi Location
- Significant Leasing Upside
- Strong Local Demographics
EXECUTIVE SUMMARY
NAI Farbman is proud to offer a compelling mixed-use investment opportunity at 42350 Grand River Avenue in Novi, Michigan. Built in 1995 and significantly renovated in 2021, this 37,260-square-foot property presents investors with a value-add opportunity in a highly desirable suburban Detroit corridor. Currently anchored by GR Medical on a long-term triple-net lease, this property could be a strategic owner-operator purchase or investor opportunity to reposition into the future.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
37,260 SF
Building Class
B
Year Built/Renovated
1995/2021
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
37,260 SF
Building FAR
0.38
Lot Size
2.23 AC
Zoning
B-3
Parking
38 Spaces (1.02 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 22-23-226-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,549,381 CAD |
PROPERTY TAXES
Parcel Number
22-23-226-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,549,381 CAD
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Mixed Use Medical Office | 42350 Grand River Ave
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