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

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Lindsey & Mike Broadwell

broadwell@realmilife.com +1(248) 877-1011

$ 26,250,000

Est. payment | -/mo

188,964 SqFt

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$ 26,250,000

Est. payment | -/mo

Save Virtual Tour

188,964 SqFt

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 188,964 sqft

Price per Sqft $138

MLS Listing ID 20250009492

Originating Board Realcomp II Ltd

Year Built 1969

Annual Tax Amount $160,638

Lot Size 860.000 Acres

Acres 860.0

Lot Dimensions 333X1192

Property Sub-Type Business And Real Estate

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 Southfield

Zoning Commercial,Multiple,Office

Direction EAST OF LAHSER SOUTH OF LODGE

Interior

Hot Water Natural Gas

Heating Forced Air

Heat Source Natural Gas

Exterior

Utilities Available Carbon Monoxide Alarm(s), Smoke Alarm

Roof Type Rubber

Road Frontage Paved

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 4-10 Story

Structure Type Asphalt

Schools

School District Southfield Public Schools

Others

Tax ID 2422151012

Ownership Short Sale - No,Private Owned

Assessment Amount $6,513

Acceptable Financing Cash, Conventional, Trade/Exchange

Rebuilt Year 2024

Listing Terms Cash, Conventional, Trade/Exchange

Financing Cash,Conventional,Trade/Exchange

Special Listing Condition Full Service

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

Listed by Brandon Curry of Signature Sotheby's International Realty Bham

+1(248) 877-1011

broadwell@realmilife.com

6060 Dixie Hwy, Clarkston, MI, 48346, USA

26400/26200 LAHSER Road Southfield, MI 48033