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26711 Northwestern Hwy, Sou...

Updated Oct 29, 2024

Guardian Alarm Leases 37,111 SF Office Space In Southfield, Michigan
LEASEDOffice

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

Dan Verderbar

Friedman Real Estate

Broker

1 deal

Broker

Southfield Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $17 per square foot on a published $17 for 37,111 square feet (2023).

Visit Friedman Real Estate to view all their deals.

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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

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