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24450 Indoplex Circle

Phil Konopitski Of Friedman Real Estate Represents Buyer In $2.6M Industrial Sale In Farmington Hills
SOLDIndustrial

Phil Konopitski Of Friedman Real Estate Represents Buyer In $2.6M Industrial Sale In Farmington Hills

24450 Indoplex Circle

$2,600,000

$90/SF

Building Size

28,640 SF

Asset Type

Industrial

Closing

Jul 7, 2025

AI

The property asset involved in this transaction is an industrial property located at 24450 Indoplex Circle in Farmington Hills, MI. The transaction closed at a price of $2,600,000 for a total area of 28,640 square feet, resulting in a price per square foot of $91.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,600,000
  • Square Footage: 28,640 SF
  • Price Per Square Foot: $91
  • Address: 24450 Indoplex Circle
  • Market: Farmington Hills, MI

Phil Konopitski of Friedman Real Estate represented the undisclosed buyer in this transaction, facilitating the sale of the property. Friedman Real Estate was responsible for brokering this deal.

Players

Phil Konopitski

Friedman Real Estate

Broker

$2.6M

vol

2 deals

Broker
Friedman Real Estate
Friedman Real EstateBrokerage

Farmington Hills Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93