1050 Corporate Office Drive
Milford, MI 48381

$2,427,500

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.

Details

MLS#232143
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1998
Days On Site94

Features

SQ Feet20,588
Story(s)1
ZoningOffice

Loading Form

Loading Form

Area Information

StateMI
CountyOakland
CityMilford
Zip Code48381
AreaOakland
Listing VS Median (in 48381)
Price:
$2,427,500
low | high
Med:
$2,427,500
50% of Average
SqFt:
20,588
low | high
Med:
20,588
50% of Average
$ / SqFt:
$118
low | high
Med:
$118
50% of Average
On Site:
94
low | high
Med:
94
100% of Average
Listing Updated: 02/17/2019
MLS Number: 232143
Listing Provided By:
Shelby and Kelly Miller  of  Berkshire Hathaway HomeServices Tomie Raines
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Lansing Association of Realtors® MLS.