Just Reduced! Investment Office Building For Sale/Lease

2725 S Milford Rd, Highland, MI

$549,000

Price

4,058 sqft

Building Size

2.21 acres

Lot Area

Overview
Building Size
4,058 sqft
Lot Area
2.21 acres
Class
C
Year Built
1985
Floors
2
Parking Spots
31
Description

Tenant North American Dental Group (nadentalgroup.com) purchased the dental practice for $1,000,000 from the seller who was the dentist. High volume business in state of the art facility with a strong tenant makes this an attractive investment. Lower level can be leased or retained for use by new owner. New office addition and roof in 2014. Open office with two entry doors and lots of windows; ready for quick occupancy. Owner motivated to lease.

Tenant: North American Dental Group (nadental.com) purchased this and nine other dental practices in 2017. They paid about $10M for the businesses, equipment, and patient records. The North American Dental Group is a dental service organization (DSO) that partners with practices so they can realize their true equity potential. NADG has a network of over 125 practices. 2017 revenue was 200,000,000 with EBIDA rate of 15%.

Tenant North American Dental Group (nadentalgroup.com) purchased the dental practice for $1,000,000 from the seller who was also a dentist at this location. High volume business in a state of the art facility with a strong tenant makes this an attractive investment. The lower level can be leased or retained for use by a new owner. New office addition was completed in 2014 (Green exterior portion of the building).

The seller has retired and moved out of town and has not made an attempt to fix the lower level for leasing. With a small effort, it could be leased for $10.00 per SF, which equals approximately $14,000 per year in additional income.

Located on the east side of S Milford Rd, just south of M-59.

Milford High School, Tuffy, Dairy Queen, Hungry Howie's Pizza, and others

T3N, R7E, SEC 34 PART OF SW 1/4 BEG AT PT DIST S 89-48-04 E 2394.70 FT & S 484.92 FT & W 358.71 FT & S 13-13-16 E 260.00 FT FROM W 1/4 COR, TH S 13-13-16 E 200.00 FT, TH W 480.46 FT, TH N 13-13-16 W 200.00 FT, TH E 480.46 FT TO BEG 2.15 A 12-9-92 TRA

Highlights
  • Two-Tenant Office Investment
  • Prime Suburban Location
  • First Floor Available
  • 7.6 CAP on Current NOI
Documents
Title
NEW Sale/Lease Brochure
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Location
Gallery