Homes for sale - 26400/26200 LAHSER Road, Southfield, MI 48033

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Justin Wisniewski

justin@nuabode.properties +1(231) 638-1122

$24,999,000

Est. payment - /mo

188,964 SqFt

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 188,964 sqft

Price per Sqft $132

Municipality Southfield City

Subdivision Southfield City

MLS Listing ID 20251041223

Year Built 1969

Annual Tax Amount $160,638

Lot Size 860.000 Acres

Acres 860.0

Lot Dimensions 333X1192

Source Realcomp

Property Description

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.

Location

State MI

County Oakland

Area Oakland County - 70

Zoning Commercial,Multiple,Offic

Direction EAST OF LAHSER SOUTH OF LODGE

Interior

Heating Forced Air

Exterior

View Y/N No

Roof Type Rubber

Building

Foundation Slab

Water Public

Others

Tax ID 2422151012

Virtual Tour https://drive.google.com/file/d/1Qqq8w1MqvzaqYZrpA6gY2hwRJ8E1YSXY/view?usp=sharing

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Listed by Signature Sotheby's International Realty Bham

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(231) 638-1122

justin@nuabode.properties

1171 Plainfield Ave NE, Rapids, MI, 49503, United States

26400/26200 LAHSER Road Southfield, MI 48033