West 11 Corporate Campus 3 Office Properties Online Auction Sale Southfield, MI
INVESTMENT HIGHLIGHTS
- Generational opportunity to acquire ±24-Acre Infill Campus located in Oakland County, home to 9,000+ businesses and 100+ Fortune 500 offices.
- Flexible RC Zoning allows office, mixed-use, residential, data center, life sciences, and adaptive reuse.
- Incentive-rich location with potential for PA 198 abatements, $20M earmarked Brownfield/HTIF financing, and other programs.
- Three-building office park totaling ±565,000 RSF on 23.95 acres with 2,512 parking spaces consisting of 1,896 structured spaces and 616 surface spots.
- Adjacent to 120 kV DTE substation with dual feeds, fiber, and MI Green Power rates, ideal for data center conversion.
- Prime access to I-696, M-10, Northwestern Hwy, and Telegraph Rd, situated 17 miles to Downtown Detroit and 25 miles to DTW Airport.
EXECUTIVE SUMMARY
West 11 Corporate Campus is a three-building office complex at 27100–27300 W 11 Mile Road in Southfield, Michigan, about 17 miles from Downtown Detroit. It’s right by 11 Mile and Inkster Roads, just a mile from Interstate 696. The property has easy access, two parking structures with ±1,900 spaces, and a seven-story, 160,000-square-foot office building that could be reused or repurposed. Close to shopping and major roads like Telegraph Road, Northwestern Highway, and The Lodge, the site is well-connected and highly visible. It could stay a corporate campus or be turned into apartments or a data center, with city incentives and tax breaks available.
27100-27300 W 11 Mile Road is located within the northwestern corner of Southfield and benefits from proximity to numerous area amenities along Telegraph Road (US Route 24), including popular shopping malls Tel-Twelve Mall and Franklin Plaza. This location also provides excellent visibility and convenient access to the local and regional expressway systems servicing Metro Detroit, including Interstate 696, Northwestern Highway, Michigan 10 (John C Lodge Freeway aka The Lodge), Michigan 39 (Southfield Freeway), Michigan 102 (Eight Mile Road), US Route 24 (Telegraph Road), Michigan 5 (Grand River Avenue), and Michigan 1 (Woodward Avenue).
This property has an abundance of opportunities to remain a superb corporate center or be converted into residential apartments or a data center. The City of Southfield offers a number of incentives to help attract and retain companies. This asset could also benefit from the tax abatements available for eligible properties under redevelopment.
27100-27300 W 11 Mile Road serves as the optimal acquisition for an ambitious owner seeking a valuable asset in a sought-after destination boasting exceptional connectivity. Significantly surrounded by a dense population of more than 204,000 residents with an affluent average annual household income of $102,403, the property has multiple capabilities to be successful as demand encompasses the enticing location.
Property tours are available by appointment only. Please contact the broker to schedule.
27100-27300 W 11 Mile Road is located within the northwestern corner of Southfield and benefits from proximity to numerous area amenities along Telegraph Road (US Route 24), including popular shopping malls Tel-Twelve Mall and Franklin Plaza. This location also provides excellent visibility and convenient access to the local and regional expressway systems servicing Metro Detroit, including Interstate 696, Northwestern Highway, Michigan 10 (John C Lodge Freeway aka The Lodge), Michigan 39 (Southfield Freeway), Michigan 102 (Eight Mile Road), US Route 24 (Telegraph Road), Michigan 5 (Grand River Avenue), and Michigan 1 (Woodward Avenue).
This property has an abundance of opportunities to remain a superb corporate center or be converted into residential apartments or a data center. The City of Southfield offers a number of incentives to help attract and retain companies. This asset could also benefit from the tax abatements available for eligible properties under redevelopment.
27100-27300 W 11 Mile Road serves as the optimal acquisition for an ambitious owner seeking a valuable asset in a sought-after destination boasting exceptional connectivity. Significantly surrounded by a dense population of more than 204,000 residents with an affluent average annual household income of $102,403, the property has multiple capabilities to be successful as demand encompasses the enticing location.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
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-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
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-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
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-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Detroit - MI USA
Market Cap Rate
Detroit - MI USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 575,600 SF |
| Total Land Area | 20.91 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
|
One West 11
27100 W 11 Mile Rd, Southfield, MI 48034 |
Office | 110,804 SF | 1984 |
|
Two West 11
27200 W 11 Mile Rd, Southfield, MI 48034 |
Office | 304,507 SF | 1989 |
|
Three West 11
27300 W 11 Mile Rd, Southfield, MI 48034 |
Office | 160,289 SF | 1987 |
SALE ADVISORS
SALE ADVISORS
Richard Deptula, National Director, Investment Advisory Services
(248) 255-6052
Contact
Rich Deptula has specialized in the sale of investment properties and loans throughout the nation since joining Friedman in 2004. Throughout his tenure, Rich has been involved in the closing of over 25,000 apartment units and 20,000,000 SF of commercial real estate, with a total value of over $2 billion. Rich is one the nation's leading portfolio disposition specialists within the Friedman Investment Group.
Rich has over 10 years of experience in the acquisition and disposition of investment real estate and note sales including all property types, and over 8 years of experience servicing CMBS related REO and receivership dispositions with over 150 CMBS property related sales. In the past 12 months, Rich has transacted on more than 3.5 million square feet of commercial and over 9,000 apartment units. The clients he serves include all of the CMBS special servicers, life insurance companies and banks, as well as local and national investors.
Rich has over 10 years of experience in the acquisition and disposition of investment real estate and note sales including all property types, and over 8 years of experience servicing CMBS related REO and receivership dispositions with over 150 CMBS property related sales. In the past 12 months, Rich has transacted on more than 3.5 million square feet of commercial and over 9,000 apartment units. The clients he serves include all of the CMBS special servicers, life insurance companies and banks, as well as local and national investors.
Jared Friedman, Co-Chief Executive Officer
(248) 848-3511
Contact
Jared Friedman serves as Co-CEO of Friedman Real Estate, a leading full-service commercial real estate organization. As a second-generation leader, Jared has been instrumental in the company's evolution, helping implement the transformation from a single-source brokerage firm into a fully integrated platform encompassing multiple business units.
Since joining the firm in 2017, Jared has overseen various divisions and helping grow the platform which includes brokerage, commercial and multifamily management, construction, receivership, mortgage banking, mechanical services, and advisory services. His leadership ensures clients benefit from a cohesive approach across all service lines, enhancing value and efficiency. Under Jared's guidance, Friedman Real Estate has expanded its clientele to include private owners, REITs, private equity firms, banks, servicers, and Fortune 1000 companies. His commitment to creating value and fostering integrated solutions has solidified the firm's reputation as a trusted partner in the industry
Before assuming his role at Friedman Real Estate, Jared gained substantial experience in the commercial real estate sector. He worked at Origin Investments in Chicago, a middle-market private equity firm, where he managed real estate investments across the Midwest and Southeast regions. Prior to that, he was with Equity Office Properties, overseeing a six-million-square-foot office portfolio owned by Blackstone. Jared also served as an analyst in the Real Estate Investment Banking Group at BMO Capital Markets.
Jared holds a degree from Indiana University's Kelley School of Business. His return to Michigan in 2017 was driven by a desire to be closer to family and to contribute to the growth of one of the nation's leading commercial real estate service providers.
Since joining the firm in 2017, Jared has overseen various divisions and helping grow the platform which includes brokerage, commercial and multifamily management, construction, receivership, mortgage banking, mechanical services, and advisory services. His leadership ensures clients benefit from a cohesive approach across all service lines, enhancing value and efficiency. Under Jared's guidance, Friedman Real Estate has expanded its clientele to include private owners, REITs, private equity firms, banks, servicers, and Fortune 1000 companies. His commitment to creating value and fostering integrated solutions has solidified the firm's reputation as a trusted partner in the industry
Before assuming his role at Friedman Real Estate, Jared gained substantial experience in the commercial real estate sector. He worked at Origin Investments in Chicago, a middle-market private equity firm, where he managed real estate investments across the Midwest and Southeast regions. Prior to that, he was with Equity Office Properties, overseeing a six-million-square-foot office portfolio owned by Blackstone. Jared also served as an analyst in the Real Estate Investment Banking Group at BMO Capital Markets.
Jared holds a degree from Indiana University's Kelley School of Business. His return to Michigan in 2017 was driven by a desire to be closer to family and to contribute to the growth of one of the nation's leading commercial real estate service providers.
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