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Investment Highlights
- Three-building portfolio totaling 33,240 SF on 2.90 acres
- Mix of warehouse, showroom, office, and retail uses—offering tenant diversity and flexibility
- 200’ of prime frontage on Highland Rd (M-59) with 45,000 VPD
- 12 units provide diverse income streams | Pro-forma NOI: $331,300
- 65% occupancy presents a clear value-add leasing opportunity
- Ample parking, 12 overhead doors, signage opportunities, and storage
Executive Summary
P.A. Commercial is pleased to present an exceptional value-add investment opportunity consisting of three multi-tenant commercial buildings strategically positioned along the highly traveled Highland Road (M-59) corridor in Waterford, Michigan. Spanning 33,240 SF across 2.90 acres, this diversified portfolio offers an attractive mix of warehouse, showroom, office, and retail space designed to appeal to a broad tenant base while providing multiple avenues for future income growth.
Currently 65% occupied, the portfolio generates immediate cash flow while presenting investors with significant upside through lease-up of existing vacancies, conversion of owner-occupied space into revenue-generating suites, and continued optimization of rental rates. The combination of stabilized income-producing buildings and substantial vacancy creates an ideal opportunity for investors seeking to increase Net Operating Income through active asset management.
Benefiting from 200 feet of frontage along Highland Road (M-59) with exposure to approximately 45,000 vehicles per day, the portfolio offers exceptional visibility, multiple signage opportunities, and convenient access for tenants and customers alike. Located directly across from Oakland County International Airport and near Pontiac Lake, the properties are well-positioned within one of Waterford’s most established commercial corridors.
With flexible BI zoning, a variety of suite configurations, warehouse functionality, overhead doors, ample parking, and storage capabilities, this portfolio offers both stable in-place income and long-term appreciation potential for investors looking to reposition, lease, and maximize value.
Currently 65% occupied, the portfolio generates immediate cash flow while presenting investors with significant upside through lease-up of existing vacancies, conversion of owner-occupied space into revenue-generating suites, and continued optimization of rental rates. The combination of stabilized income-producing buildings and substantial vacancy creates an ideal opportunity for investors seeking to increase Net Operating Income through active asset management.
Benefiting from 200 feet of frontage along Highland Road (M-59) with exposure to approximately 45,000 vehicles per day, the portfolio offers exceptional visibility, multiple signage opportunities, and convenient access for tenants and customers alike. Located directly across from Oakland County International Airport and near Pontiac Lake, the properties are well-positioned within one of Waterford’s most established commercial corridors.
With flexible BI zoning, a variety of suite configurations, warehouse functionality, overhead doors, ample parking, and storage capabilities, this portfolio offers both stable in-place income and long-term appreciation potential for investors looking to reposition, lease, and maximize value.
Property Facts
| Price | $2,999,000 | Number of Properties | 3 |
| Price / SF | $96.74 / SF | Individually For Sale | 0 |
| Cap Rate | 4.67% | Total Building Size | 31,000 SF |
| Sale Type | Investment | Total Land Area | 3.54 AC |
| Status | Active |
| Price | $2,999,000 |
| Price / SF | $96.74 / SF |
| Cap Rate | 4.67% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 31,000 SF |
| Total Land Area | 3.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7677-7683 Highland Rd, Waterford, MI 48327 | Industrial | 10,000 SF | 1989 | - |
| 1497-1509 Tull Dr, Waterford, MI 48327 | Industrial | 6,000 SF | 1990 | - |
| 7675 Highland Rd, Waterford, MI 48327 | Retail | 15,000 SF | 1947 | - |
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33,240 SF Three Building Portfolio



