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33604 Grand River Ave
Farmington, MI 48336
Asking Price
$630K
Cap Rate
2.23%
Asset Type
Executive Office Office
Class
Class B
What's Special
33604 Grand River Ave, Farmington, MI 48336 <ul><li>4,214 Sf Landmark Multi-tenant Office Building</li><li>Stable in-place Income - 61% Leased to Financial Services Tenant</li><li>Annual Rent Growth - 1.5% Built-in Escalations</li><li>Long-term Lease Security - 5 Years Remaining + 10-year Renewal Option</li><li>Value-add Opportunity - Second Floor Available for Lease or Owner-user</li><li>Prime Downtown Farmington Location in Walkable Dda District</li><li>High-end Buildout With Glass, Marble & Luxury Stone Finishes</li><li>Strong
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NOI
$80,000
Cap Rate
12.70%
DSCR
2.14
Strong
Cash-on-Cash
22.54%
Monthly Payment
$3,116.896
Annual Cash Flow
$42,597.245
