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Flex/R&D Park Investment
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27175 27275 Haggerty Road, Novi, MI 48377

Two one-story buildings total about 176,160 SF within a multi-tenant flex/R&D park, currently about 92% occupied.

Property Size176,160 SF
Days on Market1034

Property Features for 27175 27275 Haggerty Road

General Information

Standard status Active
Size 176,160 SF
Class Class A
Property subtype OFFICE
Occupancy 92%

Additional Details

Highway Access Yes

Building Details

Buildings 2
Stories 1
Tenancy Multi
Listing Agency: Friedman Integrated Real Estate - Corporate
Listed By: Todd Hawley
Source: Moodyscre
Added: Oct 2, 2023 Changed: Jul 29 Last Checked: Jul 30 at 8:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Friedman Integrated Real Estate - Corporate

Investment Insights

Based on property information with market context.

This flex/R&D park investment features two one-story, multi-tenant buildings totaling approximately 176,160 square feet. The property is stabilized with long-term triple-net leases, and current occupancy is reported at about 92%. The offering includes both buildings, identified as NRP I (+/- 88,869 SF) and NRP II (+/- 83,547 SF).

The property is located on Haggerty Road in Novi, Michigan, with convenient access to the local and regional expressway systems, including M-5, I-696, I-275, and I-96. Public remarks also note exceptional visibility, frontage, and setting, with prior occupancy at or above 90% for the previous 10 years.

Several publicly traded corporations are listed as part of the current tenancy. Public remarks state that available spaces are in move-in condition, which may provide leasing opportunities.

Key Highlights

  • Two one‑story buildings totaling about 176,160 SF in a multi‑tenant flex/R&D park
  • NRP I: about 88,869 SF; NRP II: about 83,547 SF
  • Currently about 92% occupied with stabilized long‑term triple‑net leases

Property Analytics

Current Use

Mobile Industrial Robots ... Factory Quest Diagnostics Health ... Medical Laboratory

Suggested Use

Top Pick Dental Office Nail Salon Plumbing Service (Bike/Boat/Book/etc) Store Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

92%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

936
Businesses Nearby
Balanced
Demand for This Use

Demographics for 48377, MI

19,691
Population
9,961
Households
2
Avg Household Size
39
Median Age
52%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
2,051
Density / Sq Mi
$83,368
Median Household Income
$54,373
Median Earnings
$1,439
Median Rent
$332,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Two one-story buildings total about 176,160 SF within a multi-tenant flex/R&D park, currently about 92% occupied.
Where is this flex space located?
The property is located at 27175 27275 Haggerty Road Novi, MI.
What are key features of this property?
This property features: Two one‑story buildings totaling about 176,160 SF in a multi‑tenant flex/R&D park; NRP I: about 88,869 SF; NRP II: about 83,547 SF; Currently about 92% occupied with stabilized long‑term triple‑net leases
(248) 324-2000 Call to check price and availability
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