63,804 SF Two-Building Office Complex: Value-Add Opportunity

Highlights:

• Two office buildings totaling 63,807 SF
• Priced at only $43.10 per SF
• Value-add opportunity: 60% occupied
• 12 Mile Road monument signage
• New boilers in both buildings, new air conditioning units, and new furnaces
• 2.42 acre site with abundant parking

Description:

Quakertown Plaza is an excellent value-add investment opportunity consisting of two (2) three-story office buildings totaling 63,807 SF. Importantly, these buildings are priced at less than 25% of replacement value. This offering is suitable for investors seeking undervalued office product in a high-quality area or a user needing 10,000+ SF. Additionally, these buildings offer an opportunity to re-position and create a new identity on 12 Mile Rd.

Current tenants currently occupy 60% of the office spaces providing an excellent opportunity for a new owner to re-brand and occupy a significant amount of space. Current ownership has recently upgraded the heating/cooling system and other cosmetic improvements to the office complex.

The property is ideally situated just off W 12 Mile Rd, east of Farmington Rd in Farmington Hills, a high-traffic office corridor with easy access to I-696. The Quakertown Plaza buildings, priced as a value alternative, offer potential for upgrades or repositioning.

Adjacent to First Merchants Bank HQ, Residence Inn by Marriott, Courtyard by Marriott, and Holiday Inn & Suites, the property is also within walking distance of various restaurants and local amenities.

For buyers seeking their own office building, this location provides excellent visibility on 12 Mile Road and access to a shared monument sign at the signaled boulevard entrance.

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