For Sale - 26400/26200 LAHSER Road, Southfield, MI 48033

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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 26,250,000

Est. payment | -/mo

188,964 SqFt

Save

$ 26,250,000

Est. payment | -/mo

Save

188,964 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 188,964 sqft

Price per Sqft $138

Municipality Southfield City

Subdivision Southfield City

MLS Listing ID 20250009492

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

Sewer Public

Water Public

Others

Tax ID 2422151012

Listed by Signature Sotheby's International Realty Bham

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

26400/26200 LAHSER Road Southfield, MI 48033