Updated Jul 8, 2025
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
About this deal
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.
On the Map
$2,600,000
$90/SF
Industrial
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Players
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