Three units are currently available; the remainder will be sold as leases expire over the next several years. Sizes start at 799 sf, and units can be combined to create as much as 12,600 contiguous sf.
Office condominiums--a concept popular in southwestern states--offer small businesses financial benefits of commercial property ownership, says Scott Marcus, principal, RSM. "Demand for small office buildings for sale remains strong in metro Detroit, fueled in part by historically low interest rates. Small investment properties are hard to find and prices are competitive. Office condos are a great facility solution and investment for attorneys, accountants, professional services firms and local offices ofnational companies," Marcus says.
Several similar office and medical condominiums in Farmington Hills and West Bloomfield sold out quickly when offered in the last three years, Marcus notes. Asking sale price for the office condominiums starts at $159 per sf. RSM will also continue leasing Pineview condos for an asking rent of $19 per sf plus electricity. Friedman Real Estate Group of Farmington Hills is Pineview's exclusive listing agent.
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