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Faits saillants de l'investissement
- 33,600 SF Multi-Tenant Office Building on 1.80 Acres -adjacent 3.59-acre parcel is also for sale, providing expansion potential
- NOI of USD $272,388.15 | Attractive 8.01% CAP Rate
- A diverse mix of professional, medical, and service-oriented tenants provides income stability
- 88% Occupied: Strong In-Place Income with Upside Potential
- Recent capital improvements include a new roof in 2022 and high-efficiency HVAC system in 2025
- Strategically Located in Southfield’s Core Business Corridor
Résumé de l'annonce
A rare opportunity to acquire a 33,600 SF office property in the heart of Michigan’s premier business hub - stabilized income today with clear upside tomorrow.
Positioned in one of metro Detroit’s most established office corridors, the 33,600 SF multi-tenant office building at 24450 Evergreen Road presents a stabilized investment opportunity with meaningful upside. The property is 88% occupied by a diverse mix of professional, medical, and service-oriented tenants, generating strong in-place income with the ability to enhance returns through lease-up and strategic repositioning.
The asset has benefited from significant recent capital improvements totaling approximately $600,000, including a full roof replacement in 2022 and the installation of a high-efficiency HVAC system with air balancing and digital controls in 2025. These upgrades materially reduce near-term capital expenditure risk while improving operational efficiency and tenant comfort— key drivers of long-term occupancy and retention.
Situated on a 1.80-acre site, the building offers flexible suite configurations that appeal to a broad tenant base, supported by abundant natural light, efficient
layouts, and professional on-site management. In addition to the existing income stream, investors have the rare opportunity to acquire the adjacent 3.59-acre parcel, providing future expansion or redevelopment potential in a high-demand submarket.
Supported by over 147,000 daytime employees within a five-mile radius and immediate access to major thoroughfares, this offering combines stability, scalability, and long-term growth potential through lease-up and strategic repositioning.
Positioned in one of metro Detroit’s most established office corridors, the 33,600 SF multi-tenant office building at 24450 Evergreen Road presents a stabilized investment opportunity with meaningful upside. The property is 88% occupied by a diverse mix of professional, medical, and service-oriented tenants, generating strong in-place income with the ability to enhance returns through lease-up and strategic repositioning.
The asset has benefited from significant recent capital improvements totaling approximately $600,000, including a full roof replacement in 2022 and the installation of a high-efficiency HVAC system with air balancing and digital controls in 2025. These upgrades materially reduce near-term capital expenditure risk while improving operational efficiency and tenant comfort— key drivers of long-term occupancy and retention.
Situated on a 1.80-acre site, the building offers flexible suite configurations that appeal to a broad tenant base, supported by abundant natural light, efficient
layouts, and professional on-site management. In addition to the existing income stream, investors have the rare opportunity to acquire the adjacent 3.59-acre parcel, providing future expansion or redevelopment potential in a high-demand submarket.
Supported by over 147,000 daytime employees within a five-mile radius and immediate access to major thoroughfares, this offering combines stability, scalability, and long-term growth potential through lease-up and strategic repositioning.
Faits sur la propriété
| Prix | 5 410 354 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 161,02 $ CAD / pi² | Individuellement en vente | 2 |
| Type de vente | Investissement | Taille totale du bâtiment | 33 600 pi² |
| Statut | Actif | Superficie totale du terrain | 8,98 AC |
| Prix | 5 410 354 $ CAD |
| Prix/pi² | 161,02 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 2 |
| Taille totale du bâtiment | 33 600 pi² |
| Superficie totale du terrain | 8,98 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Evergreen Office Building
24450 Evergreen Rd, Southfield, MI 48075 |
Bureau | 33 600 pi² | 1971 | 4 657 014 $ CAD |
| 24202-24346 Evergreen Road Rd, Southfield, MI 48075 | Terrain | 3,59 AC | - | 753 340 $ CAD |
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Office Investment & Land for Expansion
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