Guardian Alarm Leases 37,111 SF Office Space In Southfield, Michigan
26711 Northwestern Hwy, Southfield, MI 48033, USA
$17
$17/SF
Building Size
37,111 SF
Asset Type
Office
Closing
May 9, 2023
About this deal
AI
The Guardian Alarm, a security company, recently sold its 66,000-square-foot headquarters in Southfield, Michigan. As part of this transaction, Guardian Alarm has signed a new lease for a 37,111-square-foot space in the same area. The new space will serve as a state-of-the-art alarm monitoring command center, training facilities, and an expanded customer care center. The move is expected to be completed by late summer and will also consolidate the company's administrative offices, which are currently spread across two separate buildings.
Summary of transaction details
- Property Type: Office
- Asking Rent: $17.75/ft. ~ SF: 37,111
- Date: 05/09/2023
- Address: 26711 Northwestern Highway, Southfield, Michigan
- Tenant: Guardian Alarm
- Broker: Dan Verderbar - Friedman Real Estate
The deal was facilitated by Dan Verderbar of Friedman Real Estate, who represented Guardian Alarm as their broker in the transaction. This lease agreement allows Guardian Alarm to continue their operations in a more focused and consolidated space, better suited to their needs.
Players
Southfield Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
933117.65%
Cash-on-Cash
-266687.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93