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Oakland Mall Outlot 506 W 14 Mile Rd 15,154 SF 73% Leased Retail Building Troy, MI 48083 $3,200,000 ($211.17/SF) 7.22% Cap Rate
Investment Highlights
- Diverse Tenant Mix brings a constant flow of traffic to the center
- Land Contract Terms Available
- Easy access to all major freeways via I-75
Executive Summary
73% Occupied, making this ideal for both an owner/user, or investor looking to add value
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,154 SF
Building Class
C
Year Built/Renovated
1972/2016
Price
$3,200,000
Price Per SF
$211.17
Cap Rate
7.22%
NOI
$231,034
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.97
Lot Size
0.36 AC
Zoning
BI - Business
Parking
84 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
265’ on 14 Mile Rd
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Nearby Major Retailers
1 of 8
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Oakland Mall Outlot | 506 W 14 Mile Rd
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