Arboretum Office Park

Farmington Hills, Michigan

Address: On Twelve Mile Road, between Drake and Farmington Roads, north of I-696
Square Footage: 118,885 SF
Year Built: 1990

Listing Broker: Bill Harvey and Chuck Howard, Transwestern
Phone: 248-350-2222
Email: Bill.Harvey@Transwestern.net, Chuck.Howard@Transwestern.net

  • Property Info
  • Availabilities

Arboretum Office Park IV is an approximately 119,000 SF, three-story office building in Farmington Hills, Michigan within the five-building Arboretum Office Park. The building features a central floor-to-roof sundrenched atrium as well as full floor plate spaces and building signage for corporate users, a rarity in this submarket. Conveniently located along Interstate 696 in the prestigious Farmington Hills submarket of Oakland County, the building also offers excellent visibility and signage from the freeway, as well as easy access to all points in metropolitan Detroit.

Ashley Capital purchased the building from Aegon in February 2015 after the lender took the property back in foreclosure proceedings. The property’s tenancy had suffered in recent years as a result of the former owner’s inability to invest capital and maintain the property properly. Ashley Capital plans extensive renovations to the lobby, atrium, elevators, parking lots, restrooms and other common areas.  Upon ownership, Ashley entered negotiations with several large tenants and landed its first new tenant within ninety days of closing. With the renovation, great location, and park amenities, including a cafeteria and sundry shop, lease up of vacant space is anticipated to take place quickly.

Office: Arboretum West

  • Available Space:
  • 80,000 SF
  • Office Size:
  • 1,000 RSF - 80,000 RSF
  • Class:
  • A
  • Elevators:
  • 4
  • Stories:
  • 3
  • Core Factor:
  • 12%
  • Number of Buildings:
  • 4
  • Car Parking:
  • 4.26/1,000 RSF
  • Date Available:
  • Immediate
  • Asking Rate:
  • $17.50 - $18.50 + Electric

Total Available:  1,000 RSF – 80,000 RSF Contiguous (2nd full floor available; smaller spaces available on the 1st floor and 3rd floors)

Planned Upgrades

  • All new entry lobbies and atrium with multiple seating areas, a water feature, and WiFi
  • New parking lot
  • Upgraded restrooms
  • Upgraded building entrances
  • New elevator interiors
  • Common area and corridor upgrades
  • New “Fast Track” style convenience food and sundry outlet

Amenities

  • Easy access to M-5 and Orchard Lake Road
  • Abundant hotels, restaurants, and shopping close by; Twelve Oaks Mall is a short drive from the building