1050 Corporate Office Drive, Milford, MI 48381 (MLS# 232143)


$2,427,500
1050 Corporate Office Drive
Milford, MI 48381
MLS# 232143
20588 sqft


1050 Corporate Office Drive, Milford, MI 48381
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Property Description
NNN Investment FOR SALE in the Milford Corporate Office Park. $291,300 per year in Net Operating Income. 10% Cap Rate. 4 Years remaining on a Lease thru December 31, 2022 with MB Financial Bank which recently merged with Fifth Third. This Class A all-brick, pitched roof office building built in 1998 offers a total of 20,588 sf of high-quality space on one level. The columned entryway leads to a rounded reception area with a large Boardroom, extensive kitchen/breakroom, network room, file room and several small conference rooms. The Floor Plan includes 39 exterior wall offices with large windows, 12 interior offices and two large areas for up to 44 work stations. The grounds are well maintained with an Outdoor Patio.

Details
Maps
Contract Info
List Price: $2,427,500
Current Price: $2,427,500
Lease/List Price/SqFt: 117.91
Location & Legal Info
Street #: 1050
Street Name: Corporate Office
Suffix: Drive
State: MI
Zip Code: 48381
School District: Other Area
Key: CLA
Township/Tax Authority: All Out of Area Townships, Cities and Villages
County: Oakland
Subdivision: None
Legal: SEE ATTACHED LEGAL DESCRIPTION
Directions: From I-96 take Exit 155 towards Milford, travel North 3 miles, take a Right on Corporate Office Drive
General Property Info
Property Sub-Type: Income
Building 1 Description: PROFESSIONAL OFFICE CONDO
# of Units: 1
Year Built: 1998
SqFt - Appx Total Finished: 20588
SqFt - Above Appx: 20588
Lot Dimensions: 7.5 ACRES
Lot Acres: 7.5
Tax Info
State Eq Value: 606090
Taxes: 29614
Tax Year: 2016
Parcel #: 16-22-102-058
Taxable Value: 606090
Zoning: Office
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Active
Income & Expenses
Actual: Yes
Annual Income: 291300
Net Operating Income: 291300
Misc Business Info
Overall Building Size: 20588
Parking Surface: Asphalt
Roof Type: Pitched
Zoning: Commercial Office
Property Features
Current Use: Office Park; Professional Office
Appliances: Central Air; Microwave; Refrigerator
Basement: No Basement
Exterior: Brick
Driveway: Blacktop
Water: Well
Sewer: Septic Tank
Roof: Shingle
Extras: Burglar Alarm/Security; High Speed Internet Avlbl: Cable; Underground Sprinklers
Garage: No Garage
Heating: Forced Air - Gas
Water Heater: Gas Natural
Improvements: Cathedral Ceiling
Land & Acreage: 5+ thru 10 Acres; Busy Road
Type: Other
Terms: Cash; Conventional
Showing: Call List Office; Tenant; Showing Time
Supplements
There is good signage located on the monument sign at the entrance to the Office Park. The office power supply is backed up by a hard-wired gas Generator. This is a great location between I-96 and Downtown Milford that will offer employees and customers an easy drive from Novi, Brighton, Wixom, South Lyon, Livonia, Flint, Howell, Fenton, Pontiac, Auburn Hills and Farmington Hills. The Milford Corporate Office Park is home to Ascension Medical Group, Huron Valley State Bank, United Insurance Group, Family & Aging Law Group, Kensington Mills Falls, Baker's of Milford (restaurant) and Holden's Deli to mention a few. Milford is an excellent place to work and live with the quality of life of a small town and quick access to the amenities of the big city.

Listing Office: Berkshire Hathaway HomeServices Tomie Raines

Listing Agent: Shelby and Kelly Miller

Last Updated: January - 08 - 2019

Information deemed reliable but not guaranteed.

Sunday 20th of January 2019 11:04 PM