美国密歇根州Oakland房产的该物业将于7月30日星期一至8月1日星期三进行拍卖。标示起拍价为1,250,000美元。
Metropolitan Professional Center is a ±136,000 SF office complex located at 16000 W 9 Mile Road and 23100 Providence Drive in Southfield, MI. Located on a prominent location at the corner of 9 Mile & Providence Road, this Property offers investors the opportunity to purchase a premium office asset with huge value add potential through full lease-up at market rates.
Built in 1967 and 1969, the Property contains 2 connected buildings positioned on two parcels totaling ±5.817 AC with multiple curb cuts for ingress/egress and offers excess surface parking spaces. . The building located at 16000 W 9 Mile Rd contains a 6-story building totaling ±59,150 SF (±53,630 GLA) and the building located at 23100 Providence Dr contains a 4-story building totaling ±82,000 SF of GLA. The building located at 16000 W 9 Mile Rd is currently ±87.93% occupied by a mix of short and long term tenants while the building located at 23100 Providence Drive is currently fully vacant. Together, the Property has a blended occupancy of 35% and offers investors tremendous future value-add through lease-up of the available ±88,483 SF at long term market rates.
Metropolitan Professional Center offers both tenants and users a central location within the Southfield submarket. A Southfield address will allow occupants the ability to situate themselves within one of Metro-Detroit’s most desirable business environments as it relates to both size and employer base. The location delivers premiere access to Metro Detroit’s corporate network, with numerous Fortune 500 companies having a major presence within the submarket. Located just south of 10 Mile Road and 1-696 at the intersection of W Nine Mile Road and Providence Road, Metropolitan Professional Center also provides convenient access to Metro-Detroit's extensive highway infrastructure and is located ±1 mile from M-10 (Lodge Freeway), ±1 mile from M-39 (Southfield Freeway), ±1.5 miles from I-696, and ±6.7 miles from I-75. The location is centrally positioned within the greater region providing short travel times to other strong area submarkets such as Royal Oak, Birmingham, Troy, Auburn Hills, Rochester Hills, Bloomfield Township, and West Bloomfield Township. The city of Southfield can additionally capitalize on ready access to an educated and skilled workforce, with easy commutes from Metro-Detroit’s most densely populated communities. All this and conveniently located just minutes from almost anywhere in metro Detroit, Southfield is not only the center of it all geographically, but also the business and leisure center of southeast Michigan as well. Additionally, the Property has approximately ±362,264 individuals residing within a five-mile radius of the property and an average HH income of ±$67,804.
Metropolitan Professional Center offers investors an excellent opportunity to acquire a professional office building positioned within one of Metro-Detroit’s most desirable submarkets with in-place cash flow and significant value add through lease up of the available space at long-term market rates. This property will be auctioned on Tuesday, September 11 - Thursday, September 13 . The price displayed is the starting bid amount of $800,000. For information and to register to bid on this property, please visit Ten-X.com.