REBusinessOnline

Farbman Group Brokers $2.2M Sale of 40,509 SF Office Property Near Detroit

DEARBORN, MICH. — Farbman Group has brokered the sale of a 40,509-square-foot office building in Dearborn, approximately 10 miles west of Detroit, for $2.2 million. GJ Ramz Acquisition LLC acquired the Class B property, which is located at 19853 W. Outer Drive. The former Eastpointe Office Building is now being rebranded as the Safeway Building. The three-story facility was built in 1985 and was 87 percent occupied at the time of sale. Tenants at the Safeway Building include the United States of America General Services Administration, Riley and Hurley, Glaucoma Center of Michigan, YMT Vacations, AA1 Investments and Yogurtopia Holdings. The buyer plans to make improvements to the property such as updating the façade and entryway, renovating the lobby, upgrading the HVAC system, replacing the building signage, repaving and striping the parking lot, and revamping the landscaping. Ali Haidar of Farbman Group represented the buyer in the transaction. EAS&B investments #1-Eastpointe LLC was the seller. Farbman Group will manage and lease the property.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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