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For Sale

Office Evolution & Venture X (Sale-Leaseback)

31600-31700 W 13 Mile Rd,
Farmington Hills, MI 48334

Asset Snapshot

1986
Year Built
2024
Year Renovated
1
Floor Count
2
Building Count

Offering Summary

Investment Overview

Introducing a prime investment opportunity in Farmington Hills, Michigan: 31600-31700 W 13 Mile Rd. This impressive 50,412 SF office building offers an exceptional investment prospect. The property features new 15-year NNN leases with Personal/Franchisee Lease Guarantee and annual 2% rent escalations.


Investment Highlights

  • Office Evolution and Venture X - new 15-year NNN leases commence at close of escrow
  • Personal/Franchisee Lease Guarantee
  • Annual 2% rent escalations
  • Located in Farmington Hills (Oakland Country, MI) – One of the Wealthiest in the Country
  • Anchored by industry leaders Office Evolution and Venture X
  • State-of-the-Art facilities and amenities
  • A historically high occupancy rate - strong market appeal and consistent performance
  • A 9.23% blended cap rate over the 15-year holding period

How it Works

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Listing Syndicated From

Buildout
For Sale
$17,278,000
Asking Price