Facebook’s Birmingham office building listed for sale – Crain’s Detroit Business

Facebook Inc.’s Birmingham office building is on the market for sale.

The building at 735 Forest between Woodward Avenue and Adams Road in the city’s Triangle District is being listed by Cushman & Wakefield Inc. for an undisclosed price.

The marketing materials say the 32,400-square-foot building constructed in 2008 is 100 percent leased, with Facebook taking one-third of the rentable area.

The type of Facebook employees working out of the building is not known.

It has two floors of office and retail space plus a third floor of 10 luxury apartments and is also home to the Forest Grill restaurant. Other tenants include Templeton Building Co. and Forest Avenue Design Management.

CoStar Group Inc., a Washington, D.C.-based real estate information service, estimates the office rent at $28 to $34 per square foot, plus electric.

The building’s net operating income is $746,086 per year, according to the marketing materials.

Royal Oak-based builder Mosher Dolan Inc. developed the building. Birmingham property records list the owner as 735 Forest Street LLC, which is registered at the Mosher Dolan address.

A voicemail was left at Mosher Dolan’s office on Friday morning seeking comment. An email was also sent to one of the brokers with the listing.