Farmington Hills, Michigan (May 30, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 2,586-square foot retail investment property located at 20066 W 8 Mile Road in Southfield, MI. The seller, SRC Holdings LLC, sold the building to a California based investor.
“This acquisition provided the west coast buyer an opportunity to purchase an investment grade asset at a higher yield than comparable assets are trading for in other areas of the country,” commented Silverman.
Steven Silverman, Associate, Investment Advisory Services at Friedman represented both the buyer and the seller in this transaction.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.
