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19575 Victor Pky
Livonia, MI 48152
Victor Park West · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Located in Livonia, a Hot Office Market in Detroit MSA
- Class A Office Building with Underground Garage
- Strong in Place NOI with Annual Lease Bumps
- Upside Available Through Lease Up
EXECUTIVE SUMMARY
NAI Farbman is pleased to present Victor Park West (the “Property”), an opportunity for investors to acquire a large Class A suburban office building located in Livonia, Michigan-Metro Detroit’s hottest office market. The +/- 80,114 square foot building is currently 89.9% occupied with an in-place NOI of $847,850 with many tenants having steady lease bumps. The I-275 corridor of Livonia is one of the hottest office markets in the Detroit MSA it is a destination for discerning tenants including Masco, Trinity Health, 3M, and many more prestigious tenants. Investor’s Cash on Cash returns will only increase as the property is leased up. With a strong in place NOI and leasing upside in one of the hottest markets in Detroit MSA, Victor Park is poised for continued success.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
80,119 SF
Building Class
A
Year Built
1998
Percent Leased
90%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
20,030 SF
Slab To Slab
12’
Building FAR
0.40
Lot Size
4.61 AC
Zoning
PO3
Parking
300 Spaces (3.74 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
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