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For Sale or Lease

American Physicians Building

3881-3901 Highland Road
Waterford, Michigan 48328

Available Spaces

  • +
  • Suite A
  • 1,100 SF
  • Available Immediately
Annual Rental Rate: 14 PSF
  • +
  • Suite B
  • 1,600 SF
  • Available Immediately
Annual Rental Rate: 14 PSF
For Sale or Lease

American Physicians Building

3881-3901 Highland Road
Waterford, Michigan 48328

- Property Information

eCODE 778
County: Oakland
Property Type: Medical, Office
Total Building SF: ± 10,100 SF
Available Building SF: ± 2,700 SF
Occupancy Rate: 73%
Min. Contiguous: ± 1,100 SF
Max. Contiguous: ± 1,600 SF
Rental Rate (annually): $14.00 PSF NNN
Sale Price: $895,000
Sale Price Per SF: $88.61

- Property Details

Occupancy Type: Multi Tenant
Year Built: 1965
# Acres: 1.40
Zoning: BI
Parking Type: Surface
# Spaces: 60

- Additional Information

  • 10,100 SF medical office building for sale
  • 2,700 SF available for lease
  • Anchored by McLaren Oakland Health Care
  • Excellent opportunity for a physician or medical group to own & occupy
  • Outstanding visibility and traffic counts along Highland Road (M-59)
  • Exceptionally strong demographics in immediate & surrounding area
  • Very well-maintained; large parking lot was just re-surfaced
  • Lease Rate: $14.00/SF NNN
  • In-Place NOI: $91,275
  • In-Place Cap Rate: 10.20%
  • Asking Price: $895,000

- For more information, contact:

Steven Silverman

Joel Kestenberg

248.324.2000 Request a call
Suite Number Size Rental Rate Availability
A 1,100 SF $14 PSF Immediate
B 1,600 SF $14 PSF Immediate