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Americana Office Plaza 28475 Greenfield Rd 14,000 SF 100% Leased Office Building Southfield, MI 48076 $999,900 ($71.42/SF) 9.90% Cap Rate
Executive Summary
Calling all investors! Great opportunity to own a 32-suite office building in the highly desirable city of Southfield. Currently 30 of 32 suites are occupied, offering strong and stable cash flow with long-term tenants already in place. This well-maintained property features beautiful hardwood finishes throughout, with the roof and windows in excellent condition. Newer AC unit. Two vacant suites provide additional upside potential for increased income. Generating an impressive 9% cap rate, this is a turnkey investment opportunity you won’t want to miss.
Property Facts
Sale Type
Investment
Property Type
Building Size
14,000 SF
Building Class
C
Year Built
1968
Price
$999,900
Price Per SF
$71.42
Cap Rate
9.90%
NOI
$99,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,000 SF
Slab To Slab
9’
Building FAR
0.40
Lot Size
0.80 AC
Zoning
BI - Commercial Zoned District
Parking
45 Spaces (3.21 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Affable Home Health Care Inc
- Health Care and Social Assistance
- -
- -
- -
- Ashco Technical Svc Inc
- Retailer
- -
- -
- -
- Bassett Realty Company
- -
- -
- -
- -
- D & K Service
- Professional, Scientific, and Technical Services
- -
- -
- -
- Hope Home Health Care Services, LLC
- Health Care and Social Assistance
- -
- -
- -
- J & K Techlines
- -
- -
- -
- -
- Marketing Call Ctr
- Professional, Scientific, and Technical Services
- -
- -
- -
- Michigan Resources Services
- Professional, Scientific, and Technical Services
- -
- -
- -
- Premier One Staffing
- Health Care and Social Assistance
- -
- -
- -
- Service Construction LLC
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Affable Home Health Care Inc | Health Care and Social Assistance | - | - | - | ||
| Ashco Technical Svc Inc | Retailer | - | - | - | ||
| Bassett Realty Company | - | - | - | - | ||
| D & K Service | Professional, Scientific, and Technical Services | - | - | - | ||
| Hope Home Health Care Services, LLC | Health Care and Social Assistance | - | - | - | ||
| J & K Techlines | - | - | - | - | ||
| Marketing Call Ctr | Professional, Scientific, and Technical Services | - | - | - | ||
| Michigan Resources Services | Professional, Scientific, and Technical Services | - | - | - | ||
| Premier One Staffing | Health Care and Social Assistance | - | - | - | ||
| Service Construction LLC | Construction | - | - | - |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-13-235-022 | Improvements Assessment | $317,060 |
| Land Assessment | $70,040 | Total Assessment | $387,100 |
Property Taxes
Parcel Number
24-13-235-022
Land Assessment
$70,040
Improvements Assessment
$317,060
Total Assessment
$387,100
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Americana Office Plaza | 28475 Greenfield Rd
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