Bill O’Connor of the CBRE Investment Properties Group,
is pleased to present the following exclusive listing:
Excellent Investment Opportunity
DMC Medical Office Building
28300 Orchard Lake Road, Farmington Hills, Michigan 48334
Investment Offering:
Price: $7,500,000
CAP Rate: 7.4%
Square Feet: 33,723
10.2% Year One Projected Cash on Cash Return at Full Asking Price
Investment Highlights:
•Stabilized Medical Office Building, 34% occupied by DMC – Currently 95% occupied by 11 medical office tenants with 60% of the property on leases expiring in 2020 or later
•Strong Demographics – Average household income is $96,000 and the average housing value is $230,000 within a three mile radius
•Impeccably Maintained, Excellent Condition – Current ownership keeps the property in excellent condition and completed parking lot maintenance in May, 2014
•Great Location – The property is in a great location with direct frontage along Orchard Lake Road, just north of 12 Mile Road and I-696
•Across from the Berry Surgery Center – Located across the street from the Berry Surgery Center, a 27,217 square foot, full service outpatient surgery center affiliated with DMC Sinai-Grace Hospital
Click Here to View the Offering Memorandum
FOR MORE
INFORMATION
PLEASE CONTACT:
Bill O’Connor
Senior Vice President
+1 248 351 2045
Bill.Oconnor@cbre.com
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