Strategic Southfield Office Investment with Immediate Upside

Investment Overview

A rare opportunity to acquire a 33,600 SF office property in the heart of Michigan’s premier business hub - stabilized income today with clear upside tomorrow. Positioned in one of metro Detroit’s most established office corridors, the 33,600 SF multi-tenant office building at 24450 Evergreen Road presents a stabilized investment opportunity with meaningful upside. The property is 88% occupied by a diverse mix of professional, medical, and service-oriented tenants, generating strong in-place income with the ability to enhance returns through lease-up and strategic repositioning. The asset has benefited from significant recent capital improvements totaling approximately $600,000, including a full roof replacement in 2022 and the installation of a high-efficiency HVAC system with air balancing and digital controls in 2025. These upgrades materially reduce near-term capital expenditure risk while improving operational efficiency and tenant comfort—key drivers of long-term occupancy and retention. Situated on a 1.80-acre site, the building offers flexible suite configurations that appeal to a broad tenant base, supported by abundant natural light, efficient layouts, and professional on-site management. In addition to the existing income stream, investors have the rare opportunity to acquire the adjacent 3.59-acre parcel, providing future expansion or redevelopment potential in a high-demand submarket. Supported by over 147,000 daytime employees within a five-mile radius and immediate access to major thoroughfares, this offering combines stability, scalability, and long-term growth potential through lease-up and strategic repositioning.

Investment Highlights

• 33,600 SF Multi-Tenant Office Building on 1.80 Acres
• The adjacent 3.59-acre parcel is also for sale, providing expansion potential
• 88% Occupied: Strong In-Place Income with Upside Potential
• 16 Suites Offering Flexible Leasing Configurations
• NOI of USD $272,388.15 | Attractive 8.01% CAP Rate
• Recent capital improvements include a new roof in 2022 and high-efficiency HVAC system in 2025
• A diverse mix of professional, medical, and service-oriented tenants provides income stability
• Strategically Located in Southfield’s Core Business Corridor
• Ample & Covered Parking Enhances Tenant Convenience