FOR SALE > OFFICE BUILDING 21,120 SF

19111 Victor Parkway | Livonia, MI 48152

  • 21,120 Square Feet
  • Office
  • For Sale

Summary Description

The asset is 100% occupied by STMicroelectronics (NYSE: “STM”), an international technology firm with strong credit ratings and a positive outlook from industry analysts.  Original lease term including available option periods provides for a total of 16 years and 3 months of potential term.  Desirably located in Metro Detroit’s Interstate-275 Corridor.

Property Status: 100% Fully Occupied

Building Size: 21,120 Square Feet

Area Available: 21,120 Square Feet

LEASE OPTIONS

Three (3) 3-year extensions with 2.5% escalations

ASKING PRICE

TBD

PARKING

3.88/1,000 SF

SPRINKLERS

Yes

PARCEL ID

46-024-99-0003-005

GROSS SITE AREA

1.7 Acres (74,052 Square Feet)

Features:

  • 100% occupied by one of the world’s largest semiconductor companies
  • Triple Net Leased with over three years of remaining term
  • Newer 2003 vintage construction
  • Adjacent to I-275 ramp, providing convenient connectivity to several other expressways, including I-96, I-94, I-696, M-5 and M-14
  • Strategically positioned roughly halfway between Detroit & Ann Arbor in the middle of Detroit’s western retail and high-tech office corridors

Property Experts

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