33505 State St Bureau 424 m² 95 % Loué À vendre Farmington Hills, MI 48335 474 578 € (1 120,25 €/m²) Taux de capitalisation 7,20 %

Multi-tenant office building located in the heart of walkable Downtown Farmington. The property features smaller, fully leased suites that are easy to
manage and consistently in demand. Boasting a strong NOI of $40,0000 and an impressive 7.27% Cap Rate, the property enjoys a remarkable 95% occupancy.
Built in 1973 and recently renovated in 2024, ownership has invested in significant capital improvements, including replacement of all major building systems and
updated restrooms, ensuring a seamless investment for both new and experienced investors.
The building benefits from a highly favorable parking arrangement with the City of Farmington. An adjacent parcel provides public parking, and the city
maintains the on-site lot to the same standard—handling cleaning, snow removal, salting, lighting, striping as needed, and general maintenance.
Excellent location in desirable downtown Farmington. With a vibrant business community and strong local economy, the area provides a compelling environment for commercial real estate investment.