News

Deals + Doings

October 29, 2024

P.A. Commercial Brokers Sale of Vacant Farmington Hills Office Property for $4M

P.A. Commercial is proud to announce the sale of the two-building office property located at 30800 – 30840 Northwestern Hwy in Farmington Hills, Michigan. The 63,315-square-foot property, once the site of a former Comerica Bank, had been vacant for several years before being purchased by a medical user for $4 million. The buyer plans to convert the office space into a modern medical facility, bringing new life to this prime location.

The seller was represented by Matt Schiffman and Mike Gunn, who specialize in office and investment sales. Their expertise and strategic marketing efforts attracted multiple offers, ultimately securing the right buyer for the property. This transaction marks a significant step in revitalizing the site, which had been a notable yet underutilized space within Farmington Hills.

“We are thrilled to see this property getting a second life as it transitions to a medical use,” said Matt Schiffman. “The buyer’s vision aligns with the growing demand for healthcare space in the area, and we’re confident this redevelopment will bring value not only to the buyer but to the surrounding community.”

The property, situated in a highly visible corridor along Northwestern Hwy, is positioned for convenient access and will serve as a hub for essential medical services once the conversion is complete. With healthcare needs on the rise in the region, this sale highlights the evolving nature of commercial real estate in Farmington Hills and the demand for flexible spaces that can accommodate new industries.