Active
26400/26200 LAHSER Road
Southfield MI, 48033
$26,250,000
$138.92 per sqft
Active
188,964 sqft
Commercial
Built in 1969
Conveniently located in the Detroit MSA within the Southfield Submarket, Lahser Center is considered a Class-B property, on the higher end, with a very high level of quality. Lahser Center tenants enjoy suites with high end finishes and ample space to maximize their best work. The Center is split into a beautiful 100,000 square foot, 4 story building (Lahser One) and a 75,000 square foot 3 story building (Lahser Two), the Lahser Center campus has now achieved over 95% occupancy rate with well-capitalized and diverse tenants. New elevators, remodeled lobby and a landscape refreshing show beautifully on the property. A building conference center and a grab-and-go cafeteria are just a few of the amazing upgrades made on the campus in the last 5 years. Located conveniently to the major freeways in the area and boasting a variety of restaurants and convenience within walking or driving distance, the campus is a huge draw to tenants and commerce. Highly visible signage and a massive parking lot. With an NOI of $2.1M, this complex is priced at an attractive 8% CAP rate with credit tenants, such as venture capital-back Arizona College of Nursing, Crescent Academy charter school, Michigan Evaluation Group, and many more. Additionally, please note that a large list of improvements are currently underway and will be delivered finished to the new buyer, including: repaving of entire parking lot, all new elevators, landscaping, and renovation of restrooms. These upgrades are currently underway and will be completed by Summer 2025. This is a unique opportunity to own a wonderful, successful property, please don't hesitate with any questions, this campus won't last long.
20250009492
MLSⓇ ID
February 12, 2025
Listed
March 4, 2025
Updated
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Zoned
Exterior/Building Features
Lot Size
860 Acres
Roof
Rubber
School Information
School District
Southfield Public Schools
Other Property Details
Area Name
Southfield
Taxes
$160,638
Tax Frequency
Annually
Days on Market
14
Garage
No
View
No
County
Oakland
Zoning
Commercial,Multiple,Office
Courtesy of Signature Sotheby's International Realty Bham
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Data last updated 11:38 AM UTC, 3/4/2025