City Center Mixed-Use Tower

888 W Big Beaver Rd Troy, MI 48084

888 W Big Beaver Rd, Troy, MI, 48084
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Nov 14, 2023

Highlights

  • 90% OCCUPIED | 5- TO 10-YEAR LEASE TERMS | 31 TENANTS
  • 4 ANCHOR TENANTS: SEVENCO., TRION SOLUTIONS, THE MELTING POT & RED EFFECT
  • 1,100 FT FRONTAGE ON BIG BEAVER ROAD
  • AFFLUENT CITY OF TROY | TOP 10 RANKING IN MICHIGAN & TOP 100 RANKING IN UNITED STATES
  • PROMINENT SIGNAGE VISIBLE FROM I-75
  • CLOSE PROXIMITY TO I-75
  • 1.5 MILES EAST OF SOMERSET COLLECTION MALL, ONE OF THE 100 BEST PERFORMING MALLS IN THE UNITED STATES
  • $144k+ AVERAGE INCOME IN 5-MILE RADIUS
  • FULL-SERVICE AMENITIES SUCH AS 24-HOUR ON-SITE SECURITY, ELECTRONIC MONITORING, AND ON-SITE MANAGEMENT

Description

City Center Mixed-Use Office tower is strategically located in Troy, Michigan, connecting east-west and south-north.

The city of Troy is located in Metropolitan Detroit's northern suburbs of Oakland County and it is the 11th-largest city in Michigan by population. Troy has become a premier business and shopping destination in the Metro Detroit area, with numerous office centers and the upscale Somerset Collection mall. Troy is consistently ranked the safest city in Michigan, as well as one of the safest cities in the nation. Troy was ranked on a list of "Best Places to Live" in the United States by CNN Money, using criteria including housing, quality of education, economic strength, and recreational opportunities.


Year Built: 1979
Building Size: 297792sq ft
Building Class: A
Lot Size: 12.0 acres

Map of 888 W Big Beaver Rd, Troy, MI, 48084

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.