38880 Grand River Ave

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38880 Grand River Ave

Farmington, MI 48335
Asking Price
$4.20M
Asset Type
Office
Class
Class B

What's Special

38880 Grand River Avenue is located in Farmington, Michigan, positioned within a core commercial corridor in Oakland County. The neighborhood is characterized by a mix of professional services, retail centers, and residential communities. The property offers immediate access to M-5 and is situated near the I-96, I-696, and I-275 interchange, providing efficient regional connectivity. Nearby amenities include a variety of casual dining options, financial institutions, and local service providers within a three-mile radius. The asset is suited for small to mid-sized professional firms seeking a central suburban location. Typical tenants for this office space include legal practices, accounting firms, insurance agencies, and administrative service providers. The layout and location support businesses that require a balance of regional accessibility for employees and proximity to local client bases. The site is optimized for traditional office operations or satellite corporate branches.

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NOI
$80,000
Cap Rate
1.90%
DSCR
0.32
Underwater
Cash-on-Cash
-13.44%
Monthly Payment
$20,779.308
Annual Cash Flow
$-169,351.701

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