38505 Woodward

Location: Bloomfield Hills, MI
Type: Office
Price: $11,500,000

SMC provided an $11,500,000 ten-year fixed rate mortgage for the refinance of 38505 Woodward. The Property consists of one three-story office building totaling 84,160 rentable square feet with a structured parking deck located in Bloomfield Hills, Michigan. The Property was constructed in 1980 and extensively renovated in 2017 following the Sponsor’s acquisition of the Property and is located along highly trafficked Woodward Avenue (54,800 vehicles per day) with prominent building and monument signage, and approximately one mile from downtown Birmingham in the Bloomfield submarket of the Detroit metro area.