Village on the Park
13210 Village Park Drive | Southgate, MI 48195
DOC
CENTER
QUICK STATS
263,147 SF
SF:
18.61 units/acre
Density:
735 SF
Average SF:
$1.24
Rent / SF:
560 Grade Level Spaces
Total Parking
3
Stories
9
Buildings
1976
Built
358
UNITS
19.24 acres
Site Size / Acreage:
[CEROS OBJECT]
AMENITIES
• Fitness Center
• Playground
• BBQ / Picnic Area
• Fire Pit
• Laundry Facilities
• Dog Park
• Air Conditioning
• Fully Equipped Kitchen
• Ceiling Fan
• Oversized Closets
• Swimming Pool
• Sundeck
[CEROS OBJECT]
[CEROS OBJECT]
Exceptional Value-Add Opportunity
Strategic Location
Proximity to Detroit & Toledo MSAs via I-75
Quality Submarket Metrics
6.3% Rent Growth; 95% Occupancy Rate
Exceptional Unit Mix
5% - Studio; 33% - 2 Bed; 62% - 3 Bed
Limited New Supply
Offered Well Below Replacement Cost
PROPERTY HIGHLIGHTS
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Village on the Park
13210 Village Park Drive | Southgate, MI 48195
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Detroit Office
CONTACT Info
Mortgage Bankers
Peter Benedetto
Senior Managing Director
248.208.3462
peter.benedetto@berkadia.com
Jillian Maki
Director
248.208.3465
jillian.maki@berkadia.com
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
Conor David
Director
425.213.5103
conor.david@berkadia.com
Mike MCclafferty
Associate Director
215.328.1298
mike.mcclafferty@berkadia.com
Charley Henneghan
Director
248.341.3303
charley.henneghan@berkadia.com
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
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Detroit tops the list of 37 markets around the country with the highest rent projections over the next five years. (Source: Axio & CoStar)