3155 Bermuda St

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3155 Bermuda St

ferndale, MI 48220
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

3155 Bermuda Street is located in the southeastern quadrant of Ferndale, Michigan, positioned within a mixed-use neighborhood characterized by industrial spaces and residential blocks. The property is situated east of the Woodward Avenue corridor and south of 9 Mile Road, providing proximity to various local dining and service-oriented businesses. Access to the regional transportation network is facilitated by nearby entries to I-75 and I-696, connecting the site to the broader Metro Detroit area. The building’s functional layout and retail zoning make it suitable for enterprises requiring showroom space, boutique fitness studios, or specialized service centers. Given its location near residential pockets, the asset is positioned for tenants seeking to serve the local Ferndale community. Typical occupants may include independent retailers, creative agencies with a storefront component, or professional service firms prioritizing accessibility to major Oakland County transit routes.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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