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Phil Konopitski Of Friedman Real Estate Represents Buyer In $2.6M Industrial Sale In Farmington Hills
SOLD
$2,600,000
Michigan
See Similar DealsIndustrial28,640 SF
Sold 07/07/2025
SOLD
Phil Konopitski Of Friedman Real Estate Represents Buyer In $2.6M Industrial Sale In Farmington Hills
24450 Indoplex Circle
See Similar DealsIndustrial28,640 SF
Sold 07/07/2025
Summary
MICHIGAN
Asset Type:Industrial
Price Per Square Foot:$90
Total Square Footage:28,640 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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