Birchwood Medical Office Building

Office for Sale
Catylist Listing ID: 30439885
Property Subtypes: Medical
Building Size (RSF): 14,263 SF
Gross Building Area: 14,775 SF
Gross Land Area: 1.75 Acres
Sale Price: $1,200,000
Unit Price: $84.13 PSF
Ceiling: 8 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Birchwood Professional Building
Class of Space: Class C
Usable Size (USF): 12,400 SF
Core Factor: 16%
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 53
Last Updated: 2/18/2020

Overview / Comments

Ideal Owner-User building with additional income.
Property is in an Opportunity Zone
Lot size 1.75 Acres - Excess land possible redevelopment or addition
Monument Signage on 12 Mile
Easy access to Major expressways
High Traffic Counts on 12 Mile and Northwestern Highway (22,000-60,000 apx)
110 Parking Spaces 7.44/1,000 s.f.
1,000-6,500 s.f. available for lease (5,400 s.f. contiguous) Built-out as medical space.
2018 Taxes $1.54 per s.f. , Expenses $5.90 apx
Walking distance to restaurants, banks and other services

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Southfield N of 10 Mile
Tax ID/APN: 24-18-127-012
Zoning: OS
Property Located Between: Northwestern Highway and Inkster Road
Property Visibility: Excellent
Highway Access: Easy access to M10 (Lodge) I696, I96 and M24 (Telegraph)
Area Description: High concentration of commercial buildings ( office medical and retail)
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Year Built: 1978
Roof Type: Flat
Construction/Siding: Wood Siding
Parking Ratio: 7.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface parking no fees
Total Parking Spaces: 110
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: OS
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,165 73,225 255,850
Median Age: 39.7 44.86 43.27
Households: 4,986 32,147 105,429


Photograph of Listing Agent

David DePodesta

Dominion Real Estate Advisors
CPIX Member
Photograph of Listing Agent

James Mitchell

Dominion Real Estate Advisors
Not a member of CPIX
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