Michigan Education Association
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Download Property InformationPROPERTY ADDRESS
17500 W. ELEVEN MILE ROAD, LATHRUP VILLAGE, MI 48076
PROPERTY INFORMATION
Price:
$1,078,333
Cap Rate:
8.5%
Term Remaining:
4 years Years
Year Built:
2002
Status:
Available
INVESTMENT HIGHLIGHTS
- MEA Has Occupied ~11,000 SF of Office Space Since 2008
- Recent 4 Year Lease Extension Expiring December 31, 2022
- New Parking Lot Across the Street Added 26 Spaces for the Tenant’s Exclusive Use
- 2.5% Annual Rent Escalations Occurring in January of Each Year
- Immediate Access to the I-696 interchange via Southfield Road
- Growing Market with New Retail Developments Nearby and an Adjacent Condo Development Under Construction
- Very Densely Populated Area With Over 312,000 Residents Within 5 Miles
- Tenant Pays Utilities & Janitorial Directly