SELECT property_type FROM `mi_realcomp_properties` WHERE property_id = '20251041223'

Array

	Anna Swartz Global Real Estate Advisor 248-644-7000  (d) 586-817-2352  (c) aswartz@signaturesothebys.com		Property Details Back to Search Results   Southfield COMMERCIAL PROPERTY LISTED AT $24,999,000   26400/26200 Lahser Road Southfield, MI 48033 MLS #: 20251041223 Status: Active Description: Year Built: 1969 Bldg Square Feet: 188964 Land Square Feet: 333X1192 Zoning: Commercial,Multiple,Office Lease Price: Schools: Southfield Public Schools County: Oakland Tax: $ 160638 Ownership: Short Sale - No,Private Owned   Conveniently located in the Detroit MSA within the Southfield Submarket, Lahser Center is considered a Class-B property, on the higher end, with a very high level of quality. Lahser Center tenants enjoy suites with high end finishes and ample space to maximize their best work. The Center is split into a beautiful 100,000 square foot, 4 story building (Lahser One) and a 75,000 square foot 3 story building (Lahser Two), the Lahser Center campus has now achieved over 95% occupancy rate with well-capitalized and diverse tenants. New elevators, remodeled lobby and a landscape refreshing show beautifully on the property. A building conference center and a grab-and-go cafeteria are just a few of the amazing upgrades made on the campus in the last 5 years. Located conveniently to the major freeways in the area and boasting a variety of restaurants and convenience within walking or driving distance, the campus is a huge draw to tenants and commerce. Highly visible signage and a massive parking lot. With an NOI of $2.1M, this complex is priced at an attractive 8% CAP rate with credit tenants, such as venture capital-back Arizona College of Nursing, Crescent Academy charter school, Michigan Evaluation Group, and many more. Additionally, please note that a large list of improvements are currently underway and will be delivered finished to the new buyer, including: repaving of entire parking lot, all new elevators, landscaping, and renovation of restrooms. These upgrades are currently underway and will be completed by Summer 2025. This is a unique opportunity to own a wonderful, successful property, please don’t hesitate with any questions, this campus won’t last long. Contact Information This property is presented online by Anna Swartz Contact Anna at 586-817-2352 or use the request info form. Displayed on anna.swartz.signaturesir.com through MRIS multiple listing service. Listing courtesy of Signature Sotheby's International Realty Bham