eastland center via auction: october 9-11th 2018 for sale ......via auction: october 9-11th 2018...
TRANSCRIPT
NAI FARBMAN AND REALINSIGHT MARKETPLACE ARE PLEASED TO OFFER THE LENDER OWNED EASTLAND CENTER MALL A +- 641375 OWNED Sq Ft (1094837 TOTAL Sq Ft) ENCLOSED MALL THIS INFILL REDEVELOPMENT SITE AVAILABLE IN METRO DETROIT HAS GREAT CORNER ACCESS HIGH TRAFFIC COUNTS AND DENSE DEMOGRAPHICS THE LENDER OWNED ASSET WILL PROVIDE THE ABILITY TO ADD SIGNIFICANT VALUE TO THE MALL THROUGH A REPOSITIONING EFFORT
For more information contact the Exclusive Sales Agents
Bill BubniakExecutive Vice President
NAI Farbman
248 351 4379 bubniakfarbmancom
For Salevia Auction October 9-11th 2018
Eastland Center - Harper Woods MI(+- 641375 SF Owned)(+- 1094837 SF Total)
Eastland Center18000 Vernier RoadHarper Woods MI 48225
AUCTION OCTOBER 9-11TH 2018
Alis ManoogianInvestment Sales Associate
NAI Farbman
248 351 4370 manoogianfarbmancom
Click Here for Auction Site
Tremendous In-Fill Redevelopment Opportunity on 61 Acres with Strong Existing NOI
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Eastland Center
InvestmentHighlights
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
One of the larger in-fill redevelopment sites available in Metro Detroit with great streetcorner access and high traffic
counts
Situated on a +- 611 acre site in Harper Woods MI--within a mile of the wealthy Grosse Pointes
residential area
Shadow anchored by Home Depot and Lowes Existing Mall
Tenants include Shoppers World Payless Shoe Source Kay Jewelers and Finish Line
Tremendous redevelopment opportunity to transform the
space into a ldquomixed userdquo type deal Broad existing zoning with
many uses available
Opportunities exist to spin off pieces (existing pad sites etc) of
the deal after the master redevelopment
Significant Tax Appeal may exist
Strong existing NOI to work with during redevelopment
Pro development community ready to work with new owner
Number of Surface Parking Spaces 7500
2018 Summer Taxes $24381636
BuildingDetails
Year Built 1957Renovations 1975 1993
2003 2004
Net Rentable Area +- 641375 SF
2017 Winter Taxes$37367073
Parcel IDs 42-009-99-0002-70342-009-99-0003-00842-009-99-0003-71742-009-99-0003-72442-009-99-0003-72542-009-99-0003-007
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Dem
ogra
phic
sROADS DAILY TRAFFIC
East 8 Mile Rd amp Kelly Road
32997
East 8 Mile Rd (East and West Bound)
40400
Kelly Road ampCollingham Drive
25415
Source CoStar 2018
1 Mile 3 Mile 5 Mile
Population 16906 171915 344768
Total Households
6628 65060 161422
Median Income 2018
$43510 $45036 $44226
Source CoStar 2018
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Eastland Center
InvestmentHighlights
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
One of the larger in-fill redevelopment sites available in Metro Detroit with great streetcorner access and high traffic
counts
Situated on a +- 611 acre site in Harper Woods MI--within a mile of the wealthy Grosse Pointes
residential area
Shadow anchored by Home Depot and Lowes Existing Mall
Tenants include Shoppers World Payless Shoe Source Kay Jewelers and Finish Line
Tremendous redevelopment opportunity to transform the
space into a ldquomixed userdquo type deal Broad existing zoning with
many uses available
Opportunities exist to spin off pieces (existing pad sites etc) of
the deal after the master redevelopment
Significant Tax Appeal may exist
Strong existing NOI to work with during redevelopment
Pro development community ready to work with new owner
Number of Surface Parking Spaces 7500
2018 Summer Taxes $24381636
BuildingDetails
Year Built 1957Renovations 1975 1993
2003 2004
Net Rentable Area +- 641375 SF
2017 Winter Taxes$37367073
Parcel IDs 42-009-99-0002-70342-009-99-0003-00842-009-99-0003-71742-009-99-0003-72442-009-99-0003-72542-009-99-0003-007
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Dem
ogra
phic
sROADS DAILY TRAFFIC
East 8 Mile Rd amp Kelly Road
32997
East 8 Mile Rd (East and West Bound)
40400
Kelly Road ampCollingham Drive
25415
Source CoStar 2018
1 Mile 3 Mile 5 Mile
Population 16906 171915 344768
Total Households
6628 65060 161422
Median Income 2018
$43510 $45036 $44226
Source CoStar 2018
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Number of Surface Parking Spaces 7500
2018 Summer Taxes $24381636
BuildingDetails
Year Built 1957Renovations 1975 1993
2003 2004
Net Rentable Area +- 641375 SF
2017 Winter Taxes$37367073
Parcel IDs 42-009-99-0002-70342-009-99-0003-00842-009-99-0003-71742-009-99-0003-72442-009-99-0003-72542-009-99-0003-007
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Dem
ogra
phic
sROADS DAILY TRAFFIC
East 8 Mile Rd amp Kelly Road
32997
East 8 Mile Rd (East and West Bound)
40400
Kelly Road ampCollingham Drive
25415
Source CoStar 2018
1 Mile 3 Mile 5 Mile
Population 16906 171915 344768
Total Households
6628 65060 161422
Median Income 2018
$43510 $45036 $44226
Source CoStar 2018
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Dem
ogra
phic
sROADS DAILY TRAFFIC
East 8 Mile Rd amp Kelly Road
32997
East 8 Mile Rd (East and West Bound)
40400
Kelly Road ampCollingham Drive
25415
Source CoStar 2018
1 Mile 3 Mile 5 Mile
Population 16906 171915 344768
Total Households
6628 65060 161422
Median Income 2018
$43510 $45036 $44226
Source CoStar 2018
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom
Eastland Center
28400 Northwestern HwyFourth FloorSouthfield MI 48034248 353 0500 telnaifarbmancom