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7080 Niagara St | Romulus, MI 48174
Square feet
135,800
Year Built
1968
Units
160
Contact us
EJ Wujek
Senior Financial Analyst
ej.wujek@berkadia.com
248.341.3325
Rick Brace
Senior Director
rick.brace@berkadia.com
248.341.3319
Corey Krug
Senior Director
corey.krug@berkadia.com
248.341.3338
Charley Henneghan
Director
charley.henneghan@berkadia.com
248.341.3303
Jason Krug
Senior Managing Director
jason.krug@berkadia.com
248.341.3344
Kevin P. Dillon
kevin.dillon@berkadia.com
Senior Managing Director
248.341.3309
Investment sales
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Detroit Office
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Southfield, MI 48034
Aaron Moll
Senior Director
aaron.moll@berkadia.com
248.208.0529
Mortgage Banking
Unit Amenities
Community Amenities
Air conditioning
Durable hardwood style flooring
Eat-in kitchen
Large closets
Ceiling fans
Patio / balcony
Swimming Pool
Courtyard
Laundry Facility
Property Highlights
Concorde Club, located in Romulus Michigan, gives potential owners the ability to gain scale in a Metro Detroit Market. This property is 160 units located on the recently upgraded Ecorse Road in between Merriman Road and what will soon be the newly built out corridor of Vining Road. The recent infrastructure investments are spurred by the $140M Amazon fulfillment center that was recently built, mere minutes from Concorde Club, ringing in approximately 1,600 jobs and an influx of new traffic driving by the property. Concorde Club sits on 9.06 acres and offers 82 one-bedroom units measuring 800 square feet, and 78 two-bedroom units measuring 900 square feet. The community is very well maintained and provides residents with ample neighborhood conveniences including Kroger, CVS, and Walmart.
The Asset
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The Opportunity
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The Romulus Trade Center recently broke ground just over two miles from Concorde Club. This $130M development is set to bring more than 1,500 new jobs to the Romulus submarket.
NEW ROMULUS TRADE CENTER
Property will be delivered free and clear - providing an outstanding opportunity for investors to obtain maximum financial leverage and low interest rates insuring strong cash-on-cash returns.
NEW FINANCING OPPORTUNITY
Close to the GM Powertrain Plant, Beaumont Hospital, Detroit Metropolitan-Wayne County Airport, and the recent addition of an Amazon Fulfillment Center.
PROXIMITY TO MAJOR EMPLOYERS
Effective rental growth over 3% Y-o-Y and average submarket occupancy is just below 95%+ with little to no new supply scheduled.
STRONG RENTAL MARKET
2.2 miles to Detroit Metropolitan Wayne County Airport (DTW)
2.4 miles to GM Powertrain Plant
5.9 miles to Amazon Fulfillment Center DDT2
8.4 miles to Willow Run Airport
10.1 miles to Beaumont Hospital - Dearborn
13 miles to Ford World Headquarters
21.2 miles to Downtown Detroit Michigan
23.8 miles to Downtown Ann Arbor Michigan
Concorde Club is well located in the metro Detroit suburb of Romulus, MI. Close to great employment and lifestyle opportunities, Concorde Club is poised for long term success.
CONCORDE CLUB LOCALE
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