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Americana Office Plaza 28475 Greenfield Rd 14,000 SF 100% Leased Office Building Southfield, MI 48076 $1,100,000 ($78.57/SF) 9% 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. 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
$1,100,000
Price Per SF
$78.57
Cap Rate
9%
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
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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