For Sale
$10,995,000

35801 Mound Rd Sterling Heights, MI 48310

Executive Office Building, 94,209 SF, High Occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
132
Liberty Place, located at 35801 Mound Rd, Sterling Heights, MI 48310, presents a compelling investment opportunity. This Class B executive office building boasts 94,209 square feet of space, spread across two stories within a single building situated on a 5.05-acre lot. Constructed in 1991, the property features a strong tenant mix, currently enjoying 90% occupancy. The asking price is $10,995,000, translating to a price per square foot of $116.71. The property's Macomb County location (APN 10-29-427-026) offers excellent access to major transportation routes and amenities. Financial projections indicate a 9.1% capitalization rate, making this a potentially high-yield investment. Detailed financial information is available in a confidential offering memorandum. This is an exceptional opportunity to acquire a well-maintained, high-occupancy office building in a desirable location with a strong potential for return on investment. The property's high-tech office space is well-suited for a variety of businesses.

Highlights

  • Investment sale of a Class B office building.
  • High-tech office building totaling 94,209 square feet.
  • 9.1% capitalization rate.
  • 90% occupancy with a strong tenant mix.
  • Confidential offering memorandum available upon request.

Property Details for 35801 Mound Rd

Property type
Office properties
Square Feet
94,209 SF
Class
B
Year Built
1991
Buildings
1
Stories
2
Lot Size (sq. ft)
219,978 SF

Location Insight

City
Sterling Heights
County
Macomb
State
Michigan
Latitude
42.556810873591
Longitude
-83.04905294281

FAQs

What type of property is this?
Office property - Executive Office Building, 94,209 SF, High Occupancy.
Where is the office property located?
The property is located at 35801 Mound Rd Sterling Heights, MI.
What is the asking price?
The asking price for this property is $10,995,000.
What are key features of this property?
This property features: Investment sale of a Class B office building.; High-tech office building totaling 94,209 square feet.; 9.1% capitalization rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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35801 Mound Rd
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