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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.

Faits sur la propriété

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
Afficher plus > < Afficher moins
  • ID d’inscription: 40250303

  • Date de mise sur le marché: 2026-04-22

  • Dernière mise à jour:

  • Adresse: Office Investment & Land for Expansion, Southfield, MI

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