330 Tienken Rd Rochester Hills, MI 48306

This exceptional investment opportunity presents a two-story, 12,383 square foot Class B medical office building situated on a 1.75-acre lot in Rochester Hills, Michigan. The property, built in 1984, currently houses five tenants across seven units, with 75% occupancy as of August 8, 2024. The building boasts a Net Rentable Area of 10,651 square feet and offers 72 parking spaces. Recent improvements include a new roof (2023) and a freshly sealed parking lot. The property includes a specialized radiation room. Currently generating a NOI of $59,696, a pro-forma NOI of $160,560 is projected, representing a pro-forma cap rate of 8.92%. The asking price is $1,800,000, translating to a price per square foot of $145.36. Two vacant units present immediate value-add potential through lease-up at market rates. The property is zoned for office use and benefits from a high-traffic location, with over 20,667 cars passing daily. Located in a high-income area with an average household income exceeding $130,000 within a 5-mile radius and a population of 142,000, this property offers significant growth potential. The ample lot size allows for future expansion. This is a triple net (NNN) leased, multi-tenant property with a strong potential for increased revenue. The APN is 70-15-03-451-028.