Farmington Hills, MI – (March 13, 2023) Friedman Real Estate is pleased to announce the sale of an 7,688 square foot single tenant light industrial on behalf of Janko Properties at 5838 East Executive Dr , Westland, MI. This building’s list price was $800,000 ($104 PSF). The property featured a non-credit tenant with a short term lease. The buyer turned down an opportunity to flip the sale for a $10 PSF profit to a buyer represented by Friedman. This is the 19th sale completed by Bruce A. Morrison with Janko Properties over the last 25 years involving multi-family, industrial, retail and high tech properties.
Bruce has been exclusively involved in investment real estate debt and equity nationwide since 1985. He has sold, financed and asset managed $3.1 billion of office, industrial, retail, apartment, self-storage, marinas, parking decks, hotels, billboards, manufactured housing, and notes in 12 states involving 800 investors and assets as large as $75 million.