Listing Agency: CBRE | Detroit b***@cbre.com Show Phone

Listed By: Brandon Carnegie · License #6501353329 Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 12 at 4:50PM

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Investment Insights

Based on property information with market context.

This flex/industrial space, available June 1, 2022, offers both grade and truck well doors. Situated at the front of the park, it features main road signage. The property provides access to M5, facilitating connectivity to I-696, I-96, and I-275 via the Halsted Road/Grand River Interchange. The property has a size of 16145 square feet.

Key Highlights

• Excellent access to M5, connecting to I‑696, I‑96, and I‑275.
• Front of park site with main road signage.
• Available June 1, 2022.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Pharmacy

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

442

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48335, MI

25,618

Population

11,964

Households

2.1

Avg Household Size

36

Median Age

65%

College-Educated

98%

High-School Grad

7.2 sq mi

ZIP Area

3,558

Density / Sq Mi

$96,359

Median Household Income

$66,646

Median Earnings

$1,451

Median Rent

$366,500

Median Home Value

Market

Lease Benchmarks for Farmington Hills, MI

$11.58 /SF/Yr

Avg Asking Price

$7.5–$15.68 /SF/Yr

Price Range

11,806 SF

Avg Space Size

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex/industrial space with convenient highway access, available June 1, 2022.

Where is this flex space located?

The property is located at 37483 Interchange Drive Farmington Hills, MI.

What are key features of this property?

This property features: Excellent access to M5, connecting to I‑696, I‑96, and I‑275.; Front of park site with main road signage.; Available June 1, 2022.