Two-Building Office Complex Value Add
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Two-Building Office Complex Value Add
2 Office Properties Offered at $3,000,000 in Farmington Hills, MI
Investment Highlights
- Two office buildings totaling 63,807 SF - Priced at only $47 per SF
- Fantastic location in between 12 Mile Rd and I-696
- New boilers in both buildings, new air conditioning units, and new furnaces
- Value-add opportunity: 60% occupied
- Walking distance from many restaurants and amenities
- 2.42 acre site with abundant parking
Executive Summary
Quakertown Plaza is an excellent value-add investment opportunity consisting of two (2) three story office buildings totaling 63,807 SF.
Importantly, these buildings are priced at less than 25% of replacement value. This offering is suitable for investors seeking undervalued office product in a high quality area or a user needing 10,000+ SF. Additionally, these buildings offer an opportunity to re-position and create a new identity on 12 Mile Rd.
Current tenants currently occupy 60% of the office spaces providing an excellent opportunity for a new owner to re-brand and occupy a
significant amount of space. Current ownership has recently upgraded the heating/cooling system and other cosmetic improvements to the
office complex.
The property is ideally situated just off W 12 Mile Rd, east of Farmington Rd in Farmington Hills, a high-traffic office corridor with easy access to I-696. The Quakertown Plaza buildings, priced as a value alternative, offer potential for upgrades or repositioning.
Adjacent to Level One Bank Headquarters, Residence Inn by Marriott, and Courtyard by Marriott, the property is also within walking distance of various restaurants and local amenities.
For buyers seeking their own office building, this location provides excellent visibility on 12 Mile Road and access to a shared monument sign at the signaled boulevard entrance.
Importantly, these buildings are priced at less than 25% of replacement value. This offering is suitable for investors seeking undervalued office product in a high quality area or a user needing 10,000+ SF. Additionally, these buildings offer an opportunity to re-position and create a new identity on 12 Mile Rd.
Current tenants currently occupy 60% of the office spaces providing an excellent opportunity for a new owner to re-brand and occupy a
significant amount of space. Current ownership has recently upgraded the heating/cooling system and other cosmetic improvements to the
office complex.
The property is ideally situated just off W 12 Mile Rd, east of Farmington Rd in Farmington Hills, a high-traffic office corridor with easy access to I-696. The Quakertown Plaza buildings, priced as a value alternative, offer potential for upgrades or repositioning.
Adjacent to Level One Bank Headquarters, Residence Inn by Marriott, and Courtyard by Marriott, the property is also within walking distance of various restaurants and local amenities.
For buyers seeking their own office building, this location provides excellent visibility on 12 Mile Road and access to a shared monument sign at the signaled boulevard entrance.
Property Facts
Price | $3,000,000 | Number of Properties | 2 |
Price / SF | $54.32 / SF | Individually For Sale | 0 |
Cap Rate | 3.25% | Total Building Size | 55,227 SF |
Sale Type | Investment | Total Land Area | 4.84 AC |
Status | Active |
Price | $3,000,000 |
Price / SF | $54.32 / SF |
Cap Rate | 3.25% |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 55,227 SF |
Total Land Area | 4.84 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
Quakertown Plaza I
32969 Hamilton Ct, Farmington Hills, MI 48334 |
Office | 25,227 SF | 1975 | - |
Quakertown Plaza II
32985 Hamilton Ct, Farmington Hills, MI 48334 |
Office | 30,000 SF | 1975 | - |
1 of 1
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Two-Building Office Complex Value Add
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.