26400/26200 LAHSER Road Active Save Request In-Person Tour Request Virtual Tour
Southfield,MI 48033
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
Year Built 1969
Annual Tax Amount $160,638
Lot Size 860.000 Acres
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
Interior
Hot Water Natural Gas
Heating Forced Air
Exterior
Utilities Available Carbon Monoxide Alarm(s),Smoke Alarm
Roof Type Rubber
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Asphalt
Schools
School District Southfield Public Schools
Others
Assessment Amount $6,513
Acceptable Financing Cash,Conventional,Trade/Exchange
Listing Terms Cash,Conventional,Trade/Exchange
Special Listing Condition Full Service
Virtual Tour https://drive.google.com/file/d/1Qqq8w1MqvzaqYZrpA6gY2hwRJ8E1YSXY/view?usp=sharing