Daily limit: 0/10
Friedman Real Estate Brokers $3.9M Sale Of Retail Building Occupied By First Independence Bank
SOLD
$3,900,000
Michigan
See Similar DealsRetail20,750 SF
Sold
SOLD
Friedman Real Estate Brokers $3.9M Sale Of Retail Building Occupied By First Independence Bank
100 Michigan Avenue
See Similar DealsRetail20,750 SF
Sold
Summary
MICHIGAN
Asset Type:Retail
Price Per Square Foot:$188
Total Square Footage:20750 SF
Transaction Type:Sale
A retail asset located at 100 Michigan Avenue in Farmington Hills, MI was sold for $3,900,000. The property spans 20,750 square feet, resulting in a price per square foot of $188. The building is occupied by First Independence Bank.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Square Footage: 20,750
- Address: 100 Michigan Avenue
- Market: Farmington Hills, MI
- Price Per Square Foot: $188
The transaction was brokered by Friedman Real Estate, with Andrew Bower, Steve Eisenshtadt, and Peter Jankowski representing the seller in the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
Is there something missing? Send suggestions