$26,250,000 for Sale
26400/26200 lahser, southfield, MI 48033
Property Description
Conveniently located in the Detroit MSA within the Southfield Submarket, Lahser Center is considered a Class-B property, on the higher end, with a very high level of quality. Lahser Center tenants enjoy suites with high end finishes and ample space to maximize their best work. The Center is split into a beautiful 100,000 square foot, 4 story building (Lahser One) and a 75,000 square foot 3 story building (Lahser Two), the Lahser Center campus has now achieved over 95% occupancy rate with well-capitalized and diverse tenants. New elevators, remodeled lobby and a landscape refreshing show beautifully on the property. A building conference center and a grab-and-go cafeteria are just a few of the amazing upgrades made on the campus in the last 5 years. Located conveniently to the major freeways in the area and boasting a variety of restaurants and convenience within walking or driving distance, the campus is a huge draw to tenants and commerce. Highly visible signage and a massive parking lot. With an NOI of $2.1M, this complex is priced at an attractive 8% CAP rate with credit tenants, such as venture capital-back Arizona College of Nursing, Crescent Academy charter school, Michigan Evaluation Group, and many more. Additionally, please note that a large list of improvements are currently underway and will be delivered finished to the new buyer, including: repaving of entire parking lot, all new elevators, landscaping, and renovation of restrooms. These upgrades are currently underway and will be completed by Summer 2025. This is a unique opportunity to own a wonderful, successful property, please donâ??t hesitate with any questions, this campus wonâ??t last long.
General Information
Sale Price: $26,250,000
Price/SqFt: $139
Status: Active
MLS#: 60370259
City: southfield
Post Office: southfield
County: Oakland
Acres: 860
Lot Dimensions: 333X1192
Size: 188,964 sq.ft.
Acreage: 860 est.
Year Built: 19
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $129,510
Est. Winter Taxes: $31,128

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Listing By: Brandon Curry of Signature Sotheby's International Realty Bham, Phone: 248-644-7000