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Home For Sale Michigan Southfield 4072
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Office Building For Sale By Owner

Commerical Office Building




25820 Southfield Road, Southfield , Michigan 48075 United States
Description

Professional two-story office building on a main thorough-fare in Southfield, Michigan. This office building has professional, small business operations that is 100% occupied. Recently renovated. Five bathrooms; two on the Second Floor, two on the First Floor and one on the Basement Level. In the Basement Level, there is a fully functioning kitchen where a small bakery comes in Thursday - Saturday for retail operations. The Basement Level also has vending services; snack and beverages.

The Rate of Return on a $550,000 investment is currently 9.58%. Rents are projected to be increased 10% by October, 2016. The projected Rate of Return will be 11.41%.

Southfield Road Tenants Suite Projected Monthly Rent Increase (4.5%) Security Security $ Due Date

LL1 $275 15th
LL2 $110 1st
Conference Room $248 Y $225 16th
101 $825 Y $875 1st
102 $275 1st
103 $358 1st
104 $550 Y $500 1st
105 $358 1st
107 $358 15th
108 $275 y $250 15th
109 $358 Y $325 1st
110 $275 1st
111 $605 Y $500 15th
112 $275 15th
114 $275 Y $250 1st

200 $913
201 $358 15th
202 $880 15th
203 $358 1st
204 $275 Y $250 4th
205 $83 15th
206 $275 y $250 15th
207 $633 Y $575 1st
208 $550 Y $500 1st
209 $759 25th
Gross Profit Calculation $10,500 x 12 = $4,500 $125,994


TOTAL POTENTIAL GROSS INCOME $125,994

Expenses

Taxes $14,513.38
Insurance $7,634.00
Water $2,246.00
Cleaning ($100 X 52 wks) $6,000.00
Electricity $11,352.00
Gas $4,355.00
Landscaping / Snow $2,000.00
Management (4%) $5,039.76
Reserve (4%) $5,039.76
Vacancy (4%) $5,039.76

Total Expenses $63,219.66

Potential Net Income $62,774.34

Purchase Price $550,000.00

Return 11.41%

Price: Contact For Price
Property Sub-Type: Office Building
Total Building Size: 20255 SF
Total Lot Size : 0.5 Acres
Year Built : 1968
No of Stories: 2
No of Parking Stalls: 25
Occupancy: 100 %
Listing ID: 4072

Map of: 25820 Southfield Road, Southfield , Michigan 48075 United States

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