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Office

1280 E Big Beaver Rd

1280 E Big Beaver Rd, Troy, MI 48083

Listing Price: $3,200,000

Cap Rate
8.65%
Gross SF
29,518
Rentable SF
29,518
Price/Gross SF
$108.41
Lot Size
1.63 acres
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to present 1280 East Big Beaver Road in Troy, Michigan. The facility is leased by several tenants with the major tenant being Office Express. The major tenant occupies the building on a triple-net lease basis. Many other tenants are paying pass-through expenses. The asset enjoys high visibility on Big Beaver Road, and is in close proximity to many interstates and amenities. The offering also provides the opportunity to add value with below market rental rates. Troy, Michigan is a strong community with a global business hub. The city is home to many Fortune 500 corporations, global companies, and small businesses. The city is a prime location for new and expanding businesses and remains attractive to its 83,270 residents. Located in the heart of Automation Alley, southeast Michigan's world renowned technology cluster, Troy is the center of global automotive technology and manufacturing. The city is a major contributor to Michigan's ranking as one of the largest high-tech workforce employers in the country. Overall, the opportunity provides great potential for an investor, in a prime location

Investment Highlights

  • 29,000+/- square foot office facility
  • Multiple tenants | Anchor tenant- Office Express
  • Multiple capital improvements over the last few years |Roof, parking lot, interior, and exterior

Exclusively Listed By

  • John J. Godwin

    Senior Managing Director Investments

    (248) 415-2618

    Email John

    License(s): MI: 6502339209, MI: 6506011230

    Detroit

Office

1280 E Big Beaver Rd

Listing Price: $3,200,000

Cap Rate
8.65%
Gross SF
29,518
Rentable SF
29,518
Price/Gross SF
$108.41
Lot Size
1.63 acres
Year Built
1983

Investment Highlights

  • 29,000+/- square foot office facility
  • Multiple tenants | Anchor tenant- Office Express
  • Multiple capital improvements over the last few years |Roof, parking lot, interior, and exterior

Investment Overview

Marcus & Millichap is pleased to present 1280 East Big Beaver Road in Troy, Michigan. The facility is leased by several tenants with the major tenant being Office Express. The major tenant occupies the building on a triple-net lease basis. Many other tenants are paying pass-through expenses. The asset enjoys high visibility on Big Beaver Road, and is in close proximity to many interstates and amenities. The offering also provides the opportunity to add value with below market rental rates. Troy, Michigan is a strong community with a global business hub. The city is home to many Fortune 500 corporations, global companies, and small businesses. The city is a prime location for new and expanding businesses and remains attractive to its 83,270 residents. Located in the heart of Automation Alley, southeast Michigan's world renowned technology cluster, Troy is the center of global automotive technology and manufacturing. The city is a major contributor to Michigan's ranking as one of the largest high-tech workforce employers in the country. Overall, the opportunity provides great potential for an investor, in a prime location

Exclusively Listed By

  • John J. Godwin

    Senior Managing Director Investments

    (248) 415-2618

    Email John

    License(s): MI: 6502339209, MI: 6506011230

    Detroit

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