The property is listed with a 10.01% cash-on-cash return based on prevailing financing rates, and represents $96 per sf. Steven D. Weinstock and Peter J. Wenzler, investment specialists in Marcus & Millichap's Detroit office, are listing agents. The seller is local private investor.

Madison Tech Center is located at the intersection of I-696 and Dequindre. The property includes a 162,400-sf industrial/office flex park consisting of four buildings on 11-plus acres. The center is 100% occupied and is home to service and manufacturing tenants, including Associated Builders, InfoServices, Johnson & Johnson, Rite Aid Corporation and SJK Corporation. The existing owner will lease all remaining vacancies for two years.

"Madison Tech Center's strong existing income stream supported by the high visibility, excellent location, ease of access and favorable cash-on-cash return of more than 10% annually, make this a desirable asset," Weinstock says.