25005 Middlebelt

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30041060
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 5,889 SF
Gross Building Area: See Agent
Gross Land Area: 1.84 Acres
Sale Price: $589,000
Unit Price: $100.02 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2017

Overview / Comments

-Investment opportunity- KinderCare has been at this location for 29 years, location is profitable, 2 years remaining on their current lease of $8.00 NNN
-Total net income for this property is $47,112.00, potential cap rate 11%
-Over 550 KinderCare locations Nationwide
-Please do NOT approach the Tenant
-2016 Property Taxes: $14,705

Current Tenants

Tenant Business Name KinderCare
Industry Type Other Services
Is Renting? Yes
Current Rent $3,926 PSF (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Farmington / Farm Hills
Tax ID/APN: 23-23-276-041
Zoning: OFFICE/COMMERCIAL
Year Built: 1987
Parking Type: Surface
Total Parking Spaces: 24
Lot Frontage: 233
Lot Depth: 404

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,126 84,383 260,749
Median Age: 43.43 42.37 42.38
Households: 3,541 36,437 108,330

Source

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