For Sale
$2,100,000

1150 Corporate Office Dr Milford Charter Township, MI 48381

High-Occupancy Medical Office, Excellent NOI

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 16,662 square foot Class B medical office condominium building, located at 1150 Corporate Office Drive in Milford Charter Township, Oakland County, Michigan (48381), presents a compelling investment opportunity. The property boasts a strong 92% occupancy rate, generating a substantial net operating income (NOI) of $213,140.21. Priced at $2,100,000 ($126.04 per square foot), this meticulously maintained building sits on a 10.03-acre lot and includes 75 parking spaces. Recent improvements include a new roof and parking lot. The property benefits from a new five-year lease with Huron Valley State Bank, ensuring long-term stability. Its convenient location between I-96 and the Village of Milford provides excellent accessibility. The property is zoned CI - Local Business, and its APN is 16-22-102-065

Highlights

  • Downtown Milford office/medical condo.
  • 92% occupancy rate.
  • New roof and parking lot.
  • New 5-year lease with Huron Valley State Bank.
  • Convenient location between I-96 and Milford Village.
  • Excellent building and grounds maintenance.

Property Details for 1150 Corporate Office Dr

Property type
Office properties, Medical offices
Square Feet
16,662 SF
Class
B
Lot Size (sq. ft)
436,907 SF

Location Insight

City
Milford Charter Township
County
Oakland
State
Michigan
Latitude
42.5588575
Longitude
-83.6146852
1150 Corporate Office Dr, Milford Charter Township, Michigan

FAQs

What type of property is this?
Office property - High-Occupancy Medical Office, Excellent NOI
Where is the office property located?
The property is located at 1150 Corporate Office Dr Milford Charter Township, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Downtown Milford office/medical condo.; 92% occupancy rate.; New roof and parking lot.
How can I contact the broker?
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1150 Corporate Office Dr
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