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511 Woodward Avenue Detroit, Michigan 48226 For Sale or Lease: 30,000 SF Landmark Office Space in CBD 511 Woodward Avenue Detroit, Michigan 48226 The Offering 511 Woodward presents a unique opportunity to acquire and/or lease a landmark location along Woodward Avenue in the heart of Detroit’s CBD. This location is simply irreplaceable where it offers a remarkable chance to capitalize on one of the most visible addresses within the Woodward corridor. The offering provides 270’ lineal feet of Woodward frontage directly across from the originating Qline station. Within one block of both Hart Plaza and Campus Martius, 511 Woodward is in the center of it all. This is an exceptional opportunity to be part of America’s Greatest Comeback Story. The building itself could be expanded in its existing configuration to create larger usable floor plates or a major redevelopment could be considered at the site with new construction. An existing mechanical easement with the adjacent historic Guardian Building must be maintained, but flexibility exists for relocation of the easement itself. The opportunities are numerous and couldn’t be done anywhere else. • Outstanding Redevelopment Opportunity in the Heart of Downtown Detroit • Existing Four-Story Building Currently in Cold Shell Condition • Dimensions: 252’ x 30’ Totaling 30,068 RSF • Infinite Air Rights for Redevelopment • Currently Zoned PCA – Public Center Adjacent, Which Provides Tremendous Flexibility For Site Use • Walk Score: 99; Transit Score: 67 NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. The Property 511 Woodward Property Overview Address: 511 Woodward, Detroit, MI 48226 Net Rentable Area: 25,921 USF, 30,000 +/- RSF Year Built: 1972 Stories 4 Typical Floor Area: 6,480 USF, 7,500+/- RSF Lot Size: 0.30+/- Acres Occupancy: Fully Vacant & Available Zoning: PCA – Public Center Adjacent Parking: None Bird’s Eye Aerial: 511 Woodward Ave. COMERICA LEAR 1001 HUDSON’S WOODWARD SITE THE Z ONE CHRYSLER CAMPUS HOUSE MARTIUS ONE CENTER GUARDIAN DETROIT ADIENT 150 BUILDING W JEFFERSON FIRST NATIONAL MONROE AVE BUILDING ONE 511 WOODWARD WOODWARD AVENUE AVENUE CADILLAC SQUARE RANDOLPH ST COBO CENTER WASHINGTON BLVD. SHELBY ST GRISWOLD ST WOODWARD AVE LARNED ST JEFFERSON AVE GM RENAISSANCE CENTER DETROIT RIVER Lease Snapshot Asking Rate: Negotiable Term: 10-Year Minimum Additional Terms: Negotiable Submissions Due: Monday 6/18/2018 @ 4:00pm EST Sale Snapshot Asking Price: No Asking Price Property Taxes: Currently Tax Exempt Existing Financing: To Be Defeased by Seller Terms: Negotiable, Maintain Mechanical Easement Submissions Due: Monday, 6/18/2018 @ 4:00pm EST The Location Detroit’s CBD Bird’s Eye Aerial: Downtown Detroit The Space: 511 Woodward - Floor Plans First Floor Second Floor The Space: 511 Woodward - Floor Plans Third Floor Fourth Floor For more information: Paul Debono 28400 Northwestern Highway, Suite 400 Southfield, Michigan 248.351.4356 | [email protected] +1 248 351 0500 naifarbman.com Albert Ellis www.farbman.com 313.483.7662 | [email protected].
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