Shri Vidya Mantra Mahayoga Issue 1 Year 2011 - Sri Vidya Sadhana Peeth
O FFERING MEMORANDUM · 2019. 7. 16. · Year 3 $292,451.40 $24,370.95 $26.10 Year 4 $301,224.96...
Transcript of O FFERING MEMORANDUM · 2019. 7. 16. · Year 3 $292,451.40 $24,370.95 $26.10 Year 4 $301,224.96...
CLARK PROFESSIONALOF F I C E PL A Z A II
O F F E R I N G M E M O R A N D U M
YP S I L A N T I (AN N AR B O R MSA), MI C H I G A N
N O N - E N D O R S M E N T & D I S C L A I M E R N O T I C E
C O N F I D E N T I A L I T Y & D I S C L A I M E R
Th e information contained in the following Marketing Brochure is proprietary and strictly confi dential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should
not be made available to any other person or entity without the written consent of Marcus & Millichap. Th is Marketing Brochure has been prepared to provide summary, unverifi ed information to
prospective purchasers, and to establish only a preliminary level of interest in the subject property. Th e information contained herein is not a substitute for a thorough due diligence investigation.
Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected fi nancial
performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and
Federal regulations, the physical condition of the improvements thereon, or the fi nancial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy
of the subject property. Th e information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verifi ed, and will not
verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the
accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of
Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & Millichap. All rights reserved.
N O N - E N D O R S E M E N T N O T I C EMarcus & Millichap is not affi liated with, sponsored by, or endorsed by any commercial tenant or lessee identifi ed in this marketing package. Th e presence of any corporation's logo or name is not
intended to indicate or imply affi liation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affi liates or subsidiaries, or any agent, product, service, or commercial
listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. Activity ID: XXXXXX
A L L P R O P E R T Y S H O W I N G S A R E B Y A P P O I N T M E N T O N L Y.P L E A S E C O N S U LT Y O U R M A R C U S & M I L L I C H A P A G E N T F O R M O R E D E T A I L S .
OFFICES THROUGHOUT THE U.S. AND CANADAwww.marcusmillichap.com
E X C L U S I V E L Y L I S T E D B Y
SI LVA N A GR A F
INVESTMENTS ASSOCIATE
DETROIT OFFICE
DIRECT: (248) 415-2622 // CELL: (734) [email protected]
LICENSE: MI 6501391492
PAU L E. KE R B E R
SENIOR VICE PRESIDENT INVESTMENTS
DETROIT OFFICE
DIRECT: (248) 415-2612 // CELL: (313) [email protected]
LICENSE: MI6502130233
TABLE OF CONTENTS
M A R K E T O V E R V I E W / / 2 1
04
E X E C U T I V E S U M M A R Y / / 0 5
01P R O P E R T Y D E S C R I P T I O N / / 0 9
02
F I N A N C I A L A N A L Y S I S / / 1 6
03
Executive Summary
O F F E R I N G S U M M A R Y
S U M M A R Y O F T E R M S
I N V E S T M E N T O V E R V I E W
I N V E S T M E N T H I G H L I G H T S
S E C T I O N 1
O f f e r i n g S u m m a r y
CL A R K PRO F E S S I O N A L OF F I C E PL A Z A II
Price $6,967,000
NOI $300,078
Rentable Square Feet 26,797 SF
Price Per Square Foot $260.00
Rent Per Square Foot $20.00 NNN
Lease Type Gross & NNN
Year Built/Renovated 1984/2004
Vacant Space 5,680 SF
Leased Space 21,117 SF
Number of Buildings One
Number of Stories Four
Lot Size 1.91 Acres
Type of Ownership Fee Simple / Condominiums
E x e c u t i v e S u m m a r y 6
E x e c u t i v e S u m m a r y 7
• Anchored by Two High Credit Medical Health Systems• 65% Leased to Trinity Health and University of Michigan Hospital• Excellent Location Across from St. Joseph/Trinity Hospital Campus• Directly Cabled to St. Joseph Mercy Hospital Campus• Ideal for Owner/User or Investor with Upside• Ypsilanti Close to Ann Arbor, Low Vacancy Market • Long Term Tenancy in Place with Annual Rent Increases• Quick Access to US-23 and I-94• 25 Minutes from the Detroit Airport (DTW)
I n v e s t m e n t H i g h l i g h t s
Marcus & Millichap has been retained by ownership to exclusively market and sell an excellent medical offi ce condominium investment
located in Ypsilanti, Michigan. Situated a mile east of Ann Arbor and across from the large St. Joseph Mercy Hospital (Trinity Healthcare)
complex, this 7-unit condominium opportunity is in the Clark Professional Offi ce Plaza II Building. Th e offi ce suites take up the entire
second and fourth fl oors and a portion of the third fl oor of this 40,400 square foot four-story building. While this facility is just “off -
campus” from the St. Joseph Mercy Hospital it has direct cable connections to the Hospital and has long been occupied by physician
groups serving a part of the massive $18B Trinity Healthcare service. Trinity Healthcare is one of the largest Catholic medical providers
in the U.S. serving over 30 million people in 22 states. Trinity Health has 94 hospitals and 107 continuing care locations employing
129,000 people.
Currently Trinity Healthcare credit supports the lease on a suite of 14,417 square feet or 53.80 percent of the space, while another 6,700
square feet, or 25 percent is leased by the prominent University of Michigan Health System. U of M has in place a joint venture with
Trinity Healthcare and occupy space with a physical presence in the St. Joseph Mercy Hospitals both here in Ypsilanti and in nearby
Chelsea. 21 percent of the space remains vacant making this investment ideal for the healthcare provider, doctor group or professional
looking for space for their practice while securing very stable, low risk cash fl ow. Th e property is priced for the owner/user who can
acquire this medical or offi ce space for a value below market comparables and replacement costs. Additional condominium units in the
building are available to purchase allowing for a more complete ownership of the entire asset. With the acquisition of these units off ered
it is important to note that the investor will have over 65% majority stake in the Condominium Association providing greater control
over many aspects of both ownership and management.
Clark ProfessionalOffice Plaza II
C l a r k R o a d , Y p s i l a n t i , M I
Anchored by Two High Credit Medical Health Systems78% Leased to Trinity Health and University of Michigan HospitalExcellent Location Across from St. Joseph/Trinity Hospital CampusDirectly Cabled to St. Joseph Mercy HospitalIdeal for Owner/User or Investor with UpsideClose to Ann Arbor, Low Vacancy Market Long Term Tenancy in Place with Annual Rent IncreasesQuick Access to US-23 and I-9425 Minutes from the Detroit Airport (DTW)
E x e c u t i v e S u m m a r y 8
Property Description
T H E P R O P E R T Y
L O C A L A N D R E G I O N A L M A P S
A E R I A L M A P
F L O O R P L A N
S E C T I O N 2
Property Description // CL A R K PR O F E S S I O N A L OF F I C E PL A Z A II
THE OFFERING
Property Clark Professional Office Plaza II
Property Address 3145 W Clark Rd, Ypsilanti, MI 48197
Zoning B3
Ownership Seven Condominium Units
SITE DESCRIPTION
Number of Stories Four
Year Built 1984/2004
Lot Size 1.91 Acres
Rentable Square Feet 26,797 SF
Landscaping Professional
Topography Flat
MECHANICAL
HVAC Throughout
Fire Protection Fully Sprinklered
Utilities All Local Providers
Elevator 2 - 2,500lb Dover - 16 Passenger
INTERIOR
Walls Painted Drywall
Ceilings Acoustical Tile
Floor Coverings Commercial Tile and Carpet
Rest Rooms Men’s and Women’s to Code
CONSTRUCTION
Foundation Concrete
Framing Steel
Exterior Brick
Parking Space 79
Parking Ratio 3.93/1,000 SF
Roof Flat
P r o p e r t y D e s c r i p t i o n 10
P r o p e r t y D e s c r i p t i o n 11
CLARK PROFESSIONAL
OFFICE
PLAZA II
TrinityHealth
Hospital
University of Michigan
Hospital
P r o p e r t y D e s c r i p t i o n 12
C l a r k P r o f e s s i o n a lO f f i c e P l a z a I I
P r o p e r t y D e s c r i p t i o n 13
Hospital
E x e c u t i v e S u m m a r y 14
Site Plan // CL A R K PR O F E S S I O N A L OF F I C E PL A Z A II
Vacant Space - 5, 680 SF University of Michigan
Fourth FloorSecond Floor Th ird Floor
Trinity Health
E x e c u t i v e S u m m a r y 15
Financial Analysis
P R I C I N G D E T A I L S
T E N A N T S U M M A R I E S
R E N T R O L L S U M M A R Y
S E C T I O N 3
Property Details / / CL A R K PR O F E S S I O N A L OF F I C E PL A Z A II
CL A R K PRO F E S S I O N A L OF F I C E PL A Z A II
Price $6,967,000
NOI $300,078
Rentable Square Feet 26,797 SF
Price Per Square Foot $260.00
Rent Per Square Foot $20.00 NNN
Lease Type Gross & NNN
Year Built/Renovated 1984/2004
Vacant Space 5,680 SF
Leased Space 21,117 SF
Number of Buildings One
Number of Stories Four
Lot Size 1.91 Acres
Type of Ownership Fee Simple / Condominiums
F i n a n c i a l A n a l y s i s 17
Cash Flow & Expenses / / CL A R K PR O F E S S I O N A L OF F I C E PL A Z A II
Potential Gross Revenue $556,199 Base Rental Revenue $524,014 Absorption & Turnover Vacancy 0 Scheduled Base Rental Revenue $524,014 CPI & Other Adjustment Revenue
Expense Reimbursement Revenue CAM $42,018 Real Estate Taxes $25,177 Insurance $2,513 Management Fee 0 Total Reimbursement Revenue $69,708
Total Potential Gross Revenue $593,722 General Vacancy 0
Eff ective Gross Revenue $593,722
Operating Expenses CAM $168,055 Real Estate Taxes $100,696 Insurance $10,050 Management Fee $14,843
Total Operating Expenses $293,644Net Operating Income $300,078
Note: Th e above income and expenses refl ect an actual vacancy of 21.20% of the total space.
F i n a n c i a l A n a l y s i s 18
Pricing Details / / TR I N I T Y HE A LT H
LEASE SUMMARY
Property Subtype Medical Office
Tenant Trinity Health
Rent Increases 3.00% Every Year
Guarantor Trinity Health
Lease Type Gross
Lease Commencement May 2018
Lease Expiration April 2023
Lease Term 5 Years
Renewal Options Yes
LEASE SUMMARY ~ 11,207 SF
YEAR ANNUAL RENT MONTHLY RENT RENT/SF
Current $283,933.44 $23,661.12 $25.34
Year 3 $292,451.40 $24,370.95 $26.10
Year 4 $301,224.96 $25,102.08 $26.88
Year 5 $310,261.68 $25,855.14 $27.68
Trinity Health is an American non-profi t Catholic health system operating 93 hospitals in 22 states, including 120 continuing care locations encompassing home care, hospice, PACE and senior living facilities. Based in Livonia, Michigan, Trinity Health employs more than 120,000 people including 5,300 physicians. Sponsored by Catholic Health Ministries, Trinity Health operates facilities in the US states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania and South Dakota.
In May 2000, Trinity Health was formed through a merger between Holy Cross Health System in South Bend, Indiana, and Mercy Health Services in Farmington Hills, Michigan. Th e new organization initially comprised 25 health ministries across seven states—California, Idaho, Indiana, Iowa, Maryland, Michigan and Ohio—with 45,000 employees and 7,000 physicians. Trinity Health’s headquarters were established fi rst in Farmington Hills, Michigan, and later in Novi, Michigan. At the time, Trinity Health was the 10th largest health system in the nation and the fourth largest Catholic health care system in the country, by total number of hospitals and total bed count, respectively. It operated 47 acute-care hospitals, 432 outpatient facilities, 32 long-term care facilities, and numerous home health offi ces and hospice programs in 10 states. It acquired St. Mary’s Hospital in Waterbury, Connecticut in 2015.
In 2018, revenue increased to $18.3 billion. Total assets of $26.2 billion were recorded, with operating income of $401.3 million. As of June 30, 2018, it had 94 acute care hospitals, and reached 22 states. In September of 2018, Trinity Health formed Trinity Health Mid-Atlantic with three other hospitals.
LEASE SUMMARY ~ 3,210 SF
YEAR ANNUAL RENT MONTHLY RENT RENT/SF
Current $93,402.96 $7,783.58 $29.10
Year 3 $96,205.08 $8,017.09 $29.97
Year 4 $99,091.20 $8,257.60 $30.87
Year 5 $102,063.96 $8,505.33 $31.80
F i n a n c i a l A n a l y s i s 19
Pricing Details / / UN I V E R S I T Y O F MI C H I G A N HO S P I TA L
LEASE SUMMARY
Property Subtype Medical Office
Tenant University of Michigan Hospital
Rent Increases 2.50% Every Year
Guarantor University of Michigan Hospital
Lease Type Net
Lease Commencement June 2017
Lease Expiration May 2022
Lease Term 5 Years
Renewal Options None
LEASE SUMMARY
YEAR ANNUAL RENT MONTHLY RENT RENT/SF
Current $140,787.96 $11,732.33 $21.01
Year 3 $144,307.56 $12,025.63 $21.54
Year 4 $147,915.24 $12,326.27 $22.08
Michigan Medicine, formerly the University of Michigan Health System (UMHS), is the wholly owned academic medical center of the University of Michigan in Ann Arbor. As a non-profi t entity, Michigan Medicine uses positive operating margins to fund continued advances in patient care, education, research, and the facilities needed to support these functions.
Michigan Medicine has a high-volume surgical center with a total of 66 operating rooms. Th e construction of the $523 million Children and Women’s Hospital and the $132 million Eye Center expansion added 18 operating rooms to the health system for a total of 82 operating rooms. Outpatient care is provided at the main medical campus in Ann Arbor and at numerous satellite locations.
Michigan Medicine has nearly 26,000 employees. In all, the Michigan Medicine community accounts for more than half of the entire University of Michigan faculty/staff headcount across all campuses. Th e Michigan Visiting Nurses, a wholly owned part of the Michigan Health Corporation, provides a broad range of home care services in a 13-county area of southeastern Michigan. Th ese include home nursing, specialty treatments, therapy, and palliative care. It also provides public and employer-based immunization services.
F i n a n c i a l A n a l y s i s 20
Rent Roll Summary // CL A R K PR O F E S S I O N A L OF F I C E PL A Z A II
TENANT NAME FLOOR SFBUILDING
SHARE
LEASE COMMENCEMENT
LEASE EXPIRATION
RENT PER YEAR
RENT PER MONTH
RENT
PER SFCHANGES
ON
CHANGES
TO LEASE TYPE
OPTION TO RENEW
Trinity Health 11,207 41.82% May 2018 April 2023 $283,933.44 $23,661.12 $25.34 May 2020 $292,451.40 Gross YesTrinity Health 3,210 11.98% May 2018 April 2023 $93,402.96 $7,783.58 $29.10 May 2020 $96,205.08 Gross
U of M Hospital 6,700 25.00% June 2017 May 2022 $140,787.96 $11,732.33 $21.01 June 2020 $144,307.56 NetVACANT 5,680 21.20%
TOTAL OCCUPIED SQUARE FEET 21,117 78.80%TOTAL AVAILABLE SQUARE FEET 5,680 21.20%
TOTAL 26,797 100%
F i n a n c i a l A n a l y s i s 21
Market Overview
L O C A T I O N O V E R V I E W
M A R K E T R E S E A R C H
D E M O G R A P H I C S
S E C T I O N 4
Ypsilanti/Ann ArborM i c h i g a n
M S A P o p u l a t i o n3 5 7 , 0 2 9
M a r k e t O v e r v i e w 23
Ypsilanti commonly shortened to Ypsi, is a city in Washtenaw County in the U.S. state of Michigan,
perhaps best known as the home of Eastern Michigan University. As of the 2010 census, the city’s
population was 21,018. Th e city is bounded to the north by Superior Township and on the west, south,
and east by Ypsilanti Township. Ypsilanti is located 6 miles (10 km) east of Ann Arbor and about 18
miles (29 km) west of the Detroit city limits.
Ypsilanti is home of St. Joseph Mercy Hospital (Trinity Health), the second largest employer in
Washtenaw County. It is also the home of Eastern Michigan University and Washtenaw Community
College which are a great source of talent for the area businesses and institutions. Ypsilanti greatly
benefi ts from its close proximity to Ann Arbor, the University of Michigan and its prominent health
system (Michigan Medicine). Michigan Medicine has increasing its presence in Ypsilanti by occupying
space inside the campus of St Joseph Mercy Hospital and at the Ypsilanti Health Center.
Ypsilanti is most well-known for its heritage of automotive leadership and era-defi ning advancements
in aviation production, making it the perfect location for the innovative American Center for Mobility
(AMC) which is located in Willow Run. Th e AMC is comprised of 500 AC of testing grounds for
revolutionary mobility technology that aims to decrease traffi c fatalities by 80-90% in the U.S.
AUTOMOTIVE HISTORY
Ypsilanti has played an important role in the automobile industry. From 1920 to 1922, Apex Motors
produced the “ACE” car. It was in Ypsilanti that Preston Tucker (whose family owned the Ypsilanti
Machine Tool Company) designed and built the prototypes for his Tucker ‘48.
In 1945, Henry J. Kaiser and Joseph W. Frazer bought the nearby Willow Run B-24 Liberator bomber
plant from Ford Motor Company, and started to make Kaiser and Frazer model cars in 1947. Th e last
Kaiser car made in Ypsilanti rolled off the assembly line in 1953, when the company merged with
Willys-Overland and moved production to Toledo, Ohio. General Motors purchased the Kaiser Frazer
plant, and converted it into its Hydramatic Division (now called its Powertrain division), beginning
production in November 1953. Th e GM Powertrain Division ceased production at this facility in 2010.
Ypsilanti Overview
• US-12 Travels East to Detroit and West Toward Chicago
• US-23 to the West
• US-12 Loop Route Th rough Downtown
• M-17 Connects Ypsilanti with Ann Arbor
• Border-to-Border Trail
• Ann Arbor Transportation Authority Operates Within the Downtown Area
TR A N S P O RTAT I O N
M a r k e t O v e r v i e w 24
A bustling downtown and charming tree-lined neighborhoods make Ann Arbor a safe and ideal place to live, learn, work and raise a family. More than 118,087 residents live
within the city’s 28 square miles, and Ann Arbor regularly receives national attention as one of the best places to live in the United States.
Ann Arbor is a hub for excellence in education and boasts fi ve colleges and universities. Th e city’s acclaimed public school system has adapted a comprehensive academic
achievement plan to help ensure all students are successful. Endless opportunities for recreation are available in Ann Arbor, which operates 157 parks with trails, golf, canoe liveries,
tennis courts, athletic fi elds and more. One of the most environmentally friendly cities around, Ann Arbor has a progressive recycling program and takes great measures toward
the preservation of the city’s green space.
CITY INFORMATION CITY HIGHLIGHTS
Ann Arbor Overview
• Total Area: 28.7 square miles
• Student Enrollment (2016): 44,718
• Population (2016): 120,782
• Home to the highly acclaimed University of Michigan, one of the foremost research universities in
• the United States.
• Two Major Hospital Systems: Th e University of Michigan Health System & St. Joseph Mercy and Trinity Health
• Vibrant Local Economy with 2.5% Unemployment Rate.
• Highly Educated Workforce
AGE RANGE % OF POPULATION
<10 Years 8%
10-17 Years 6%
18-24 years 31%
25-34 Years 17%
35-44 Years 10%
45-54 Years 9%
55-64 Years 9%
65+ Years 11%
EDUCATION LEVELS % OF POPULATION
Master’s Degree or Higher 45%
Bachelor’s Degree 29%
Small College or Associate’s Degree 15%
High School Diploma or Equivalent 7%
Less Th an High School Diploma 3%
TOP 5 EMPLOYERS # OF EMPLOYEES
University of Michigan 33,225
Trinity Health 7,435
General Motors 5,500
Ann Arbor Public Schools 2,225
Faurecia North Ameirca 1,664
M a r k e t O v e r v i e w 25
Washtenaw County has a vibrant economy accompanied by an array of educational and cultural
opportunities. It is home of Th e University of Michigan and Eastern Michigan University. Th ere are
74 other universities within a 50-mile radius. As a consequence of multiple education opportunities,
Washtenaw County has a highly educated population. 60.4% of the inhabitants have at least a college
degree and 41% have a graduate degree.
Washtenaw County has a healthy workforce with an unemployment rate of only 2.5%. Th ere are more
than 18,000 businesses and a total labor force of 195,052 people. In 2017, the leading industries in
Washtenaw County were Health Care and Social Services, Education, Retail, Hospitality and Food
Services. 62,737 jobs come from the Healthcare and Social Services sector. Health Diagnosing and
Treating Practitioners account for 8.22% of the talent pool (19,114 professionals).
Th e median household income is $66,636 (12% higher than the national average). 53.93% of the
households earn more than the national average each year with 48,664 households making above
$100K.
“Quality of Life” is a critical factor in helping Ann Arbor / Ypsilanti area achieve its consistent inclusion
in “Top Cities” lists. By any standard, the Ann Arbor and Ypsilanti areas are uncommonly blessed with
the elements that make for a full and enriching life, whether its looking at arts and cultural events,
recreational activities, educational resources or opportunities to explore the traditions and lifestyles of
people of diverse nationalities and cultures. Washtenaw County and in particular, the Ann Arbor/Ypsi
area, is considered an emerging national tech hub by venture capital publications.
Washtenaw County Overview
M a r k e t O v e r v i e w 26
Demographics / / CL A R K PR O F E S S I O N A L OF F I C E PL A Z A II
INCOME 1-MILE 3-MILES 5-MILES
$0 - $ 14,999 22.1% 15.6% 16.1%
$15,000 - $24,999 16.2% 10.8% 10.0%
$25,000 - $34,999 12.7% 10.5% 9.8%
$35,000 - $49,999 14.3% 13.3% 12.8%
$50,000 - $74,999 15.3% 14.8% 15.5%
$75,000 - $99,999 7.9% 10.9% 11.5%
$100,000 - $124,999 5.0% 7.6% 8.1%
$125,000 - $149,999 2.5% 5.0% 5.0%
$150,000 - $200,000 2.4% 4.9% 5.4%
$200,000 to $249,999 0.6% 2.7% 2.5%
$250,000 + 1.0% 3.9% 3.5%
Median HH Income $34,315 $49,742 $51,746
Per Capita Income $26,190 $36,780 $33,759
Average HH Income $51,196 $82,182 $80,316
HOUSEHOLDS 1-MILE 3-MILES 5-MILES
2000 Households 4,847 26,149 68,481
2010 Households 5,039 26,693 70,173
2018 Households 5,272 27,898 73,801
2023 Households 5,395 28,456 75,891
2018 Average HH Size 1.93 2.13 2.21
2018 Daytime Population 9,150 81,613 298,333
2000 Owner Occupied Housing Units 15.4% 39.6% 41.5%
2000 Renter Occupied Housing Units 81.3% 55.1% 54.3%
2000 Vacant 3.3% 5.3% 4.3%
2018 Owner Occupied Housing Units 15.0% 40.9% 42.1%
2018 Renter Occupied Housing Units 85.0% 59.1% 57.9%
2018 Vacant 2.1% 5.6% 4.3%
2023 Owner Occupied Housing Units 15.0% 40.9% 42.1%
2023 Renter Occupied Housing Units 85.0% 59.1% 57.9%
2023 Vacant 2.1% 5.6% 4.3%
POPULATION 1-MILE 3-MILES 5-MILES
2000 Population 10,074 62,026 171,249
2010 Population 10,040 60,610 171,406
2018 Population 10,561 63,927 183,279
2023 Population 10,717 64,656 187,028
M a r k e t O v e r v i e w 27
SI LVA N A GR A F
INVESTMENTS ASSOCIATE
DETROIT OFFICE
DIRECT: (248) 415-2622 // CELL: (734) [email protected]
LICENSE: MI 6501391492
PAU L E. KE R B E R
SENIOR VICE PRESIDENT INVESTMENTS
DETROIT OFFICE
DIRECT: (248) 415-2612 // CELL: (313) [email protected]
LICENSE: MI6502130233
E X C L U S I V E L Y L I S T E D B Y