Location

EXECUTIVE SUMMARY:

Atrium is situated off of 9 Mile Road, near the intersection of 9 Mile and Greenfield Roads, both major transportation thoroughfares in the area. Tenants also enjoy immediate access to I-696 and the Lodge Freeway (M-10), with an abundance of retailers and employers in the area due to the property’s highly strategic location, only a few hundred yards from St. Johns Providence Hospital and the planned $100M+ Northland Mall redevelopment, which is expected to have over 185,000 ft.2 of new retail, 170,000 ft.2 of medical office, 200,000 ft.2 of flex space and 850 units of new condos and apartments.

The 96 unit Atrium Apartments were built in 1972 and consist of two, four-story buildings. As it relates to the unit mix at Atrium, the property boasts an incredibly competitive breakdown of unit styles including sixty-eight 600-950 ft.2 one-bedroom units, sixteen 1,100 ft.2 two-bedroom one-bath units and twelve 1,200 ft.2 two-bedroom two-bath units. Unit amenities include upgraded kitchens and appliances, dishwashers, central air and plenty of closet space. At an average of nearly 1,000 square feet, the units are tremendously spacious, and hold a competitive advantage in the marketplace because of this significant living area. Notably, the property also includes an on-site office, carports and laundry facilities.