For Sale
$4,350,000

30755 Montpelier DrMadison Heights, MI 48071

Prime Office Building, High NOI, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 26,595 square foot Class C executive office building, located at 30755 Montpelier in Madison Heights, Michigan (48071), presents a compelling investment opportunity. Built in 1990, the single-story structure sits on a 3.44-acre lot and boasts ample parking with 200 spaces. Currently tenanted by the Michigan Department of Health & Human Services under a lease with 10 years remaining, this property offers significant stability and predictable income. The projected Net Operating Income (NOI) for 2022 is $304,775. A notable feature is a built-in rent increase of twelve percent (12%) scheduled for 2027, ensuring future growth potential. The property is zoned O-1 Office Service and benefits from a convenient location off I-75, providing excellent accessibility. The building is in excellent condition, requiring zero deferred maintenance, minimizing immediate capital expenditures. The asking price is $4,350,000. This is a rare opportunity to acquire a well-maintained, high-performing office building with a strong tenant and long-term lease in a desirable location. The APN is 25-11-201-037.

Highlights

  • Strong, 10-year lease with the Michigan Department of Health & Human Services.
  • $304,775 projected 2022 Net Operating Income (NOI).
  • Excellent I-75 visibility and access.
  • 12% rent increase scheduled for 2027.
  • Property is in excellent condition; zero deferred maintenance.

Property Details for 30755 Montpelier Dr

Property type
Retail properties, Office properties
Square Feet
26,595 SF
Class
C
Year Built
1990
Stories
1
Lot Size (sq. ft)
149,846 SF

Location Insight

City
Madison Heights
County
Oakland
State
Michigan
Latitude
42.5178087
Longitude
-83.1140457
30755 Montpelier Dr, Madison Heights, Michigan

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30755 Montpelier Dr
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