Value-Add Flex Investment with Below-Market Rents in Prime Clawson Location

Investment Overview

1438 N. Crooks Road presents a rare opportunity to acquire a well-maintained 15,000 SF multi-tenant flex property in one of Oakland County's most desirable commercial corridors. Strategically positioned along Crooks Road with over 30,000 vehicles passing daily, the property combines immediate cash flow with substantial value-add potential through rental rate adjustments, lease restructuring, and occupancy optimization. Currently occupied by eight tenants on predominantly month-to-month leases, the property offers investors a unique opportunity to reposition the asset and bring rents closer to market levels. Existing rental rates are significantly below prevailing market rents, creating an attractive pathway to increased cash flow and long-term appreciation. For owner-users, the flexible configuration provides the ability to occupy a portion of the property while maintaining income from existing tenants or gradually expand operations as space becomes available. The property features a 10,000 SF warehouse component with 20-foot clear heights, seven overhead doors, secure vehicle storage, and a 5,000 SF mezzanine, complemented by approximately 5,000 SF of office space configured into multiple suites. Recent capital improvements, including a newer parking lot, reduce near-term maintenance concerns while enhancing the property's curb appeal and functionality.

Investment Highlights

• 15,000 SF warehouse/office building
• Warehouse, office, mezzanine, and storage space accommodate various uses
• Existing rents are well below market, creating substantial income growth potential
• 79% Occupied – Immediate cash flow with additional leasing and revenue opportunities
• Month-to-month tenants allow for rapid repositioning and rent adjustments
• Seven (7) overhead doors and four (4) individual secure storage spaces for vehicles
• 20' clear height and 20 amp/220 volt power
• Excellent visibility on Crooks Rd - 100' of frontage & 30,281 VPD
• Newer parking lot with parking for 20 vehicles
• Excellent location near Troy Motor Mall with quick access to I-75