26400/26200 LAHSER RD, Southfield, MI 48033 - MLS#20251041223

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Annette HIbbler

ahibblerrealestate@gmail.com +1(810) 227-1111

$24,999,000

Est. payment - /mo

18,896 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 18,896 sqft

Price per Sqft $1,322

MLS Listing ID 20251041223

Year Built 1969

Lot Size 860 Sqft

Property Sub-Type BusinessandRealEstate

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 Area02244Southfield

Interior

Heating ForcedAir, NaturalGas

Cooling CentralAir

Exterior

Parking Features Lighted, ParkingLot

Utilities Available UndergroundUtilities

View Y/N No

Roof Type Rubber

Garage false

Building

Foundation Poured, Slab

Sewer PublicSewer

Water Public

New Construction No

Schools

School District Southfieldpublicschools

Others

Senior Community false

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition ShortSaleNo, Standard

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

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