1050 Corporate Office Drive

    Milford, MI 48381
    • $2,000,000
    • STATUS: Closed
    • ON SITE: 243 days
    • MLS #: 232143
    Sold - 04/25/2019
    $2,000,000
    SOLD - 04/25/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,588
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1998
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    NNN Investment FOR SALE in the Milford Corporate Office Park. $291,300 per year in Net Operating Income. 10% Cap Rate. 4 Years remaining on a Lease thru December 31, 2022 with MB Financial Bank which recently merged with Fifth Third. This Class A all-brick, pitched roof office building built in 1998 offers a total of 20,588 sf of high-quality space on one level. The columned entryway leads to a rounded reception area with a large Boardroom, extensive kitchen/breakroom, network room, file room and several small conference rooms. The Floor Plan includes 39 exterior wall offices with large windows, 12 interior offices and two large areas for up to 44 work stations. The grounds are well maintained with an Outdoor Patio.There is good signage located on the monument sign at the entrance to the Office Park. The office power supply is backed up by a hard-wired gas Generator. This is a great location between I-96 and Downtown Milford that will offer employees and customers an easy drive from Novi, Brighton, Wixom, South Lyon, Livonia, Flint, Howell, Fenton, Pontiac, Auburn Hills and Farmington Hills. The Milford Corporate Office Park is home to Ascension Medical Group, Huron Valley State Bank, United Insurance Group, Family & Aging Law Group, Kensington Mills Falls, Baker's of Milford (restaurant) and Holden's Deli to mention a few. Milford is an excellent place to work and live with the quality of life of a small town and quick access to the amenities of the big city.

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    © 2019 Greater Lansing Association of Realtors® MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GLAR MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gateway to Homes @ Keller Williams Realty. Data last updated: 2019-07-18T18:45:27.633.
    www.realhomepros.com/homes/89476317

    1050 Corporate Office Drive Milford, MI 48381

    • Price: $2,427,500
    • Status: Closed
    • Updated: 60 min ago
    • MLS #: 232143
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    20,588
    SQFT
    $97
    $/SQFT
    1998
    Built
    Neighborhood:
    None
    County:
    Oakland
    Area:
    Milford
    School District:
    Other Area
    Property Description
    NNN Investment FOR SALE in the Milford Corporate Office Park. $291,300 per year in Net Operating Income. 10% Cap Rate. 4 Years remaining on a Lease thru December 31, 2022 with MB Financial Bank which recently merged with Fifth Third. This Class A all-brick, pitched roof office building built in 1998 offers a total of 20,588 sf of high-quality space on one level. The columned entryway leads to a rounded reception area with a large Boardroom, extensive kitchen/breakroom, network room, file room and several small conference rooms. The Floor Plan includes 39 exterior wall offices with large windows, 12 interior offices and two large areas for up to 44 work stations. The grounds are well maintained with an Outdoor Patio.There is good signage located on the monument sign at the entrance to the Office Park. The office power supply is backed up by a hard-wired gas Generator. This is a great location between I-96 and Downtown Milford that will offer employees and customers an easy drive from Novi, Brighton, Wixom, South Lyon, Livonia, Flint, Howell, Fenton, Pontiac, Auburn Hills and Farmington Hills. The Milford Corporate Office Park is home to Ascension Medical Group, Huron Valley State Bank, United Insurance Group, Family & Aging Law Group, Kensington Mills Falls, Baker's of Milford (restaurant) and Holden's Deli to mention a few. Milford is an excellent place to work and live with the quality of life of a small town and quick access to the amenities of the big city.
    Exterior Features

    Driveway Blacktop Exterior Brick Garage No Garage Land And Acreage 5+ Thru 10 AcresBusy Road Lot Dimensions 7.5 ACRES Roof Shingle

    Interior Features

    Appliances Central AirMicrowaveRefrigerator Basement No Basement Foundation Size 20588.00 Heating Forced Air - Gas Water Heater Gas Natural

    Property Features

    Annual Income 291300.00 Current Use Office ParkProfessional Office Extras Burglar Alarm/SecurityHigh Speed Internet Avlbl: CableUnderground Sprinklers Improvements Cathedral Ceiling Net Operating Income 291300.00 Sewer Septic Tank Sub Type Income Tax Year 2016 Taxes 29614.00 Terms CashConventional Township Tax Authority All Out Of Area TownshipsCities And Villages Type Other Water Well Zoning Office

    Listing provided courtesy of Shelby And Kelly Miller of Berkshire Hathaway Homeservices Tomie Raines.

    Listing information © 2019 Greater Lansing Association of Realtors® MLS.
    © 2019 Greater Lansing Association of Realtors® MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GLAR MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gateway to Homes @ Keller Williams Realty. Data last updated: 2019-07-18T18:45:27.633.
     
    Gateway to Homes @ Keller Williams Realty
    1300 N Waverly Rd
    Lansing MI, 48917