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26400/26200 Lahser Road, Southfield city, Michigan

$24,999,000

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18,896

Square feet

860.00

Acres

About 26400/26200 Lahser Road

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.

Features of 26400/26200 Lahser Road

MLS® # 20251041223
Price $24,999,000
Bathrooms 0.00
Square Footage 18,896
Acres 860.00
Year Built 1969
Type Commercial
Status Active

Community Information

Address 26400/26200 Lahser Road
Area 02244 - Southfield
City Southfield city
County Oakland
State Michigan
Zip Code 48033

Amenities

Utilities Underground Utilities
Parking Lighted, Parking Lot
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No

Exterior

Construction Asphalt
Foundation Poured, Slab

School Information

District Southfield Public Schools

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSignature Sotheby's International Realty Bham
Contact Infobcurry@signaturesothebys.com

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