{"id":1004178881,"date":"2017-05-31T14:26:04","date_gmt":"2017-05-31T22:26:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004178881"},"modified":"2022-12-04T19:19:28","modified_gmt":"2022-12-05T03:19:28","slug":"detroit-northern-suburb-retail-asset-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/detroit-northern-suburb-retail-asset-changes-hands\/","title":{"rendered":"Detroit Northern Suburb Retail Asset Changes Hands"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004178883\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004178883\" data-attachment-id=\"1004178883\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/detroit-northern-suburb-retail-asset-changes-hands\/20066-w-8-mile-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg\" data-orig-size=\"1183,888\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Razvan-I Cimpean&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1496230585&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"20066 W 8 Mile Road in Southfield, Mich.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;20066 W 8 Mile Road in Southfield, Mich.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg?w=1024\" class=\"wp-image-1004178883 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg\" alt=\"20066 W 8 Mile Road in Southfield, Mich.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg 1183w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/20066-W-8-Mile-Road-e1496223766404.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004178883\" class=\"wp-caption-text\">20066 W 8 Mile Road in Southfield, Mich.<\/p><\/div>\n<p>Friedman Integrated Real Estate Solutions, on behalf of SRC Holdings LLC, has sold a 2,586-square-foot retail investment property in Southfield, Mich. Steven Silverman, associate at Friedman, also represented the buyer, a California-based investor.<\/p>\n<p>The building is located at 20066 E 8 Mile Road, in the northern suburb of Detroit. Situated along a strong retail corridor, the asset currently serves as a drive-through Wendy\u2019s restaurant.<\/p>\n<p><em>\u201cThis acquisition provided the west coast buyer an opportunity to purchase an investment grade asset at a higher yield than comparable assets are trading for in other areas of the country,\u201d<\/em> Steven Silverman said in prepared remarks.<\/p>\n<p>Earlier this month, Friedman has added two properties to its <a href=\"https:\/\/www.commercialsearch.com\/news\/friedman-wins-management-of-2-office-buildings\/\">management and leasing portfolio<\/a>. Both buildings are part of the office park at West Entrance Drive in Auburn Hills, Mich. \u00a0<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A California-based investor acquired the Southfield, Mich., property from SRC Holdings LLC. Steven Silverman of Friedman Integrated Real Estate Solutions brokered the sale on behalf of both the seller and the buyer.<\/p>\n","protected":false},"author":753,"featured_media":1004178883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1495,13,21742,21749],"tags":[32923,35899,35938],"class_list":["post-1004178881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-detroit","category-midwest","category-latest","category-retail","tag-friedman-integrated-real-estate-solutions","tag-southfield","tag-src-holdings-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Detroit Northern Suburb Retail Asset Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/detroit-northern-suburb-retail-asset-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Detroit Northern Suburb Retail Asset Changes Hands\" \/>\n<meta property=\"og:description\" content=\"A California-based investor acquired the Southfield, Mich., property from SRC Holdings LLC. 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