Friedman Real Estate Completes Detroit Office Lease At One Campus Martius
1000 Woodward Avenue
Building Size
35,000 SF
Asset Type
Office
Closing
May 15, 2024
AI
The lease transaction involved 35,000 square feet of office space at One Campus Martius, located at 1000 Woodward Avenue in Detroit, Michigan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 1000 Woodward Avenue
- Market: Detroit, Michigan
- Brokers: Andrew Bower, Steve Eisenshtadt & Kevin George - Friedman Real Estate
Friedman Real Estate, a privately held commercial real estate firm, recently completed multiple transactions in Michigan, with Andrew J. Bower, Steve Eisenshtadt, and Kevin George representing the lease of the 35,000 square feet office space at One Campus Martius in Detroit. Their transactions demonstrate Friedman's diverse portfolio, which includes properties in both downtown Detroit and suburban locations.
Players
Detroit Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93