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Property Detail

Livernois Road
Noteworthy three-story, 68,379-SF office building positioned on a 3.84-acre lot with ample parking .
$2,000,000
Manufacturer: https://kjcre.com/

Description

  • Noteworthy three-story, 68,379-SF office building positioned on a 3.84-acre lot with ample parking in Troy, Michigan, part of the Detroit MSA.
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  • Ideal value-add investment opportunity to acquire a contemporary multi-tenant asset with the opportunity to increase profitability through lease-ups.
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  • Strategically located within 3 miles of renowned retail amenities Target, Walmart Supercenter, Aldi, Meijer, Yard House, Cooper’s Hawk, and many more.
  • Accessibly situated within a prominent corridor less than a mile from I-75 conveniently encompassed with popular retailers, eateries, and hotels.
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  • Favorably surrounded by a dense and affluent population of 260,232 residents within a 5-mile radius making an average household income of $120,495.
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  • Meticulously maintained acquisition equipped with a generator, natural lighting, a granite lobby, and extraordinary architectural details throughout.

Executive Summary

Impressive multi-tenant office building preferably situated at the northeast corner of Livernois Road and Big Beaver Road in Troy, Michigan, part of the Detroit metropolitan area. Venture Plaza presents an ideally established three-story, 68,379-square-foot property beneficially positioned over an expansive 3.84-acre lot with building signage available. 3150 Livernois Road conveniently boasts ample surface parking accommodating 276 tenants and visitors including two electric vehicle charging spaces. The prominent asset has been meticulously modernized with numerous capital improvements and is equipped with a generator, a new HVAC in 2023, a granite lobby, luminous natural lighting, captivating architecture, and a well-maintained newer roof and parking lot. Standing at about 68% occupied, this property offers the sought-after opportunity to add excellent value through vacancy lease-up at increased market rents and the potential for upside with excess acreage along Livernois Road.

3150 Livernois Road is accessibly located less than a mile from Interstate 75 and is 10 minutes from the Interstate 75 and Interstate 696 highway interchange providing connectivity throughout the state. The property is close to numerous local amenities including renowned retailers, popular restaurants, and highly-rated hotels within a quick 3-mile radius. These conveniences within this mileage include Target, Walmart Supercenter, Whole Foods Market, Aldi, Meijer, Yard House, Cooper’s Hawk, Outback Steakhouse, Marriott, Hilton Garden Inn, Homewood Suites, and many more. This asset is favorably sited 2-miles from the Somerset Collection, an upscale, luxury super-regional shopping mall boasting 180 retailers drawing demand to the area.

Venture Plaza also benefits from its surrounding demographics within a dense corridor boasting over 260,000 residents living within a 5-mile radius generating a significant average household income of about $120,500. These residents are accompanied by a robust daytime employment of 178,602 employees and have a noteworthy spending power over well over $3.8 billion annually. This affluent and highly skilled population also possesses an incredibly educated workforce as 62.9% of Troy residents obtain a bachelor’s degree or higher exceedingly surpassing the national average of 34.3%

Discover the valuable opportunities that 3150 Livernois Road provides as its optimal location surrounded by demand drivers brings conveniences to its tenants while driving visibility to future businesses looking for an upgraded office to call home.

Dense Corridor

Listing ID : 00637

SKU: 637

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Price History

DateEventPrice
December 5 2024Listed$2,000,000.00