Turning Vacancies into Value: $2.3M Office/Medical Investment Sold in Taylor
(Taylor, MI, December 20, 2024) – P.A. Commercial is pleased to announce the successful sale of a 13,013-square-foot office/medical building located at 20332 Eureka Rd, adjacent to Southland Mall in Taylor, Michigan. The property sold for $2,300,000 and was fully occupied with long-term tenants, offering a stable and attractive investment opportunity. Dan Blugerman, senior associate of P.A. Commercial represented the seller and buyer in this transaction.
Dan Blugerman is a seasoned real estate professional with over a decade of experience representing this property and multiple others in the seller/landlord’s portfolio. Over the past two years, Dan diligently increased the property’s occupancy rate and net operating income by leasing the building’s two vacant suites to Corewell Health and Illuminate Therapy. Through his efforts the property became an attractive investment asset.
Located in a prime area near Southland Mall, the property boasts excellent visibility, accessibility, and a strong tenant mix, contributing to its robust market appeal. The building’s fully leased status and long-term tenant agreements allowed the purchaser to secure conventional financing and further underscore its position as a high-performing investment asset in the region.
“This transaction highlights the enduring demand for strategically located office/medical properties in metro Detroit,” said Dan Blugerman of P.A. Commercial. “Our team’s commitment to understanding our clients’ portfolios and delivering results through meticulous marketing efforts was the key to this successful sale.”
P.A. Commercial continues to demonstrate its expertise in navigating the complexities of commercial real estate transactions, particularly within the investment sales and leasing sector. As an award-winning firm, P.A. Commercial remains committed to delivering exceptional service to its clients across metro Detroit and beyond.