Franklin Pointe Medical Center - Commercial Real Estate Services | Friedman Real Estate | Commercial Real Estate Services | Friedman Real Estate

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For Sale

Franklin Pointe Medical Center

26400 West 12 Mile Road
Southfield, Michigan 48034
For Sale

Franklin Pointe Medical Center

26400 West 12 Mile Road
Southfield, Michigan 48034

- Property Information

eCODE 411
County: Oakland
Property Type: Investment Sale, Medical, Office
Total Building SF: ± 84,749 SF
Available Building SF: ± 5,420 SF
Occupancy Rate: 94%
Sale Price: TBD by the Market

- Property Details

Occupancy Type: Multi Tenant
Year Built: 1985
Year Renovated: 2015
# Acres: 6.330
Zoning: B-2, Planned Business
Parcel ID: 76-24-07-477-014
Parking Type: Surface
# Spaces: 451
Parking Ratio: 5.32
Completion Status: Existing

- Additional Information

  • Stable ± 84,749 SF premier medical-office facility
  • Current occupancy 93.60% with nearly 60% credit tenants
  • In-place NOI as of January 2017 $1,298,590
  • Long-term and growing commitments with (2) major Health systems; Beaumont Health System and Wayne State University Physician Group
  • Strong, diverse tenant roster within numerous specialties
  • Tenant and common area improvements in excess of $1.0M in the last 36 months
  • Central location less than a mile from the I-696, Northwestern Highway, Telegraph Road (M-24), and the Lodge Freeway (M-10) interchange
  • No set asking price – sale price TBD by the market

- For more information, contact:

248.324.2000 Request a call