Michigan Education Association

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

Robert Bender

Managing Partner

Bryan Bender

Partner & Managing Director

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PROPERTY ADDRESS

17500 W. ELEVEN MILE ROAD, LATHRUP VILLAGE, MI 48076

PROPERTY INFORMATION

Price:
$1,145,743
Cap Rate:
8.0%
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