Investment Sale - Farmington Oaks

Office for Sale
Catylist Listing ID: 29934926
Property Subtypes: Office Building, Other
Building Size (RSF): 10,313 SF
Gross Building Area: See Agent
Sale Price: $1,250,000
Unit Price: $121.21 PSF
Property Use Type: Investment
Building Name: Farmington Oaks
Class of Space: Class B
Sale Terms: Other
Cap Rate: 9.2%
Last Updated: 5/4/2017

Overview / Comments

10 addresses with (6) current tenants 100% occupied with a 9.2% cap rate.


Finance Data Year 2015
Real Estate Taxes - Annual($) $23,192 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Farmington / Farm Hills
Tax ID/APN: 23-34-101-012
Zoning: OFFICE
Property Located Between: S. of 9 Mile Road
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,313 SF
Year Built: 1988
Roof Type: Gable
Exterior Description: Brick/stone
Parking Type: Surface
Parking Description: Ample Parking
Sprinklers: Other
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,408 88,832 266,157
Median Age: 43.81 42.28 42.67
Households: 6,329 37,679 112,282


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