Property profile

22777 Farmington Rd Farmington, MI 48336

FOR SALE
Specialty properties
Property ID
US43-0055577
72,076 SF 5.06 ac lot Built 1973
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 73,000-square-foot flex space industrial property, located at 22777 Farmington Road in Farmington, Michigan (zip code 48336), presents a significant investment opportunity. Currently leased to TOCA Soccer and Sports, the nation's largest indoor sports training company, the property boasts a strong, long-term lease with 11 years remaining. The lease includes a 3% annual rent increase, generating a substantial net annual income of $386,000. The tenant, TOCA Soccer and Sports, is a leading technology-enabled soccer training and entertainment company with a significant presence across North America. This acquisition includes one of the largest indoor youth-based sports facilities in Michigan, part of a larger portfolio of seven premier indoor sports facilities across metro Detroit and northeast Ohio, totaling nearly one million square feet. The property benefits from TOCA's established brand recognition and strong operational performance, providing a stable and appreciating asset. The property's strategic location in Oakland County, Michigan, offers excellent access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a high-performing industrial property with a secure, long-term lease in a rapidly growing market. The property is ideally suited for investors seeking stable income and significant long-term appreciation potential. The property's size and functionality make it an attractive investment for a variety of potential uses.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1973
Total area 72,076 SF
Lot 5.06 ac (220,414 SF)
Zoning code O
APN 20-23-28-428-073
UPID US43-0055577

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sports School Sports Field & Court
  • Gym & Fitness Center Sports Field & Court
  • Medical Clinic
  • Party Supply Store Rental Equipment Company
  • Gym & Fitness Center

Location

22777 Farmington Rd Farmington, MI 48336
Farmington metro Census 165100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.22M
Blend (final) Blend
$2.23M

Owner & transaction history

since 2013
7 recorded transactions
2023
Price N/A
2013
Price N/A
2007
$28,647
2002
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

O · Farmington, MI
General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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