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Serviced Offices Condo For Sale • 3,418 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit Unit 6 | Medical Office | 3,418 SF | $975,000 USD | |
DescriptionInvestment for Sale! Milford Corporate Office Park! 1050 Corporate Office Drive, Suite #6, offers a prime opportunity with long-term stability from a 20-year tenant. The current lease has 3 years remaining, with renewal cycles typically structured in 5-year terms. This Class A, all-brick office building with a pitched roof was built in 1998 and has been extensively updated with a new roof (2025) and full remodel (2023). The suite features 7 exam rooms, 1 procedure room, 1 lab, 1 X-ray room, 2 offices, a welcoming lobby/waiting area, kitchenette, and separate men’s and women’s restrooms. Conveniently located between I-96 and Downtown Milford, the property provides easy access for employees and clients from Novi, Brighton, Wixom, South Lyon, Livonia, Flint, Howell, Fenton, Pontiac, Auburn Hills, and Farmington Hills. Milford is an outstanding community to live and work, combining small-town charm with big-city accessibility. Don’t miss this secure, income-producing investment! Sale NotesCAP RATE 8.19% | 20 - YEAR TENANT HISTORY | NEW ROOF 2025 | REMODEL 2023. For sale. |
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CAP RATE 8.19% | 20 - YEAR TENANT HISTORY | NEW ROOF 2025 | REMODEL 2023. Investment for Sale! Milford Corporate Office Park! 1050 Corporate Office Drive, Suite #6, offers a prime opportunity with long-term stability from a 20-year tenant. The current lease has 3 years remaining, with renewal cycles typically structured in 5-year terms. This Class A, all-brick office building with a pitched roof was built in 1998 and has been extensively updated with a new roof (2025) and full remodel (2023). The suite features 7 exam rooms, 1 procedure room, 1 lab, 1 X-ray room, 2 offices, a welcoming lobby/waiting area, kitchenette, and separate men’s and women’s restrooms. Conveniently located between I-96 and Downtown Milford, the property provides easy access for employees and clients from Novi, Brighton, Wixom, South Lyon, Livonia, Flint, Howell, Fenton, Pontiac, Auburn Hills, and Farmington Hills. Milford is an outstanding community to live and work, combining small-town charm with big-city accessibility. Don’t miss this secure, income-producing investment!
| CAP RATE 8.19% | 20 - YEAR TENANT HISTORY | NEW ROOF 2025 | REMODEL 2023 |
| Cap Rate: | 8.19 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Henry Ford Health |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Bishop International | 59 min | - | 38.8 mi |
| Detroit Metro Wayne County | 50 min | - | 38.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 75 |
| Type: | Surface |
| Included in Rent: | Yes |
Drake Temple
Novak Temple Real Estate
Drake Temple
Novak Temple Real Estate
