Investment Opportunity / Newer office building

Office for Sale
Catylist Listing ID: 30130836
Property Subtypes: Business Park, Executive Suites, Institutional, Mixed Use
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.19 Acres
Sale Price: $1,475,000
Unit Price: $134.09 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/27/2017

Overview / Comments

Beautiful office building in the growing Lapeer market. Right by Elga credit union and Meijer. This space has a few spaces to be rented out still which will allow for more cash flow.

Current Tenants

Tenant Business Name Qualified Staffing
Tenant Business Name Farm Bureau
Tenant Business Name Auto Owners

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Lapeer
Tax ID/APN: L213330703000
Property Visibility: Excellent
Highway Access: About a mile from the entrance to I-69
Site Description: Expanding M 24 with growing businesses and new businesses moving in.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2006
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Interior Description: Oak trim and oak doors. Professionally done.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CITY OF LAPEER RICH'S ADD PART OF OUT-LOT 3, BEG NE COR TH S14*45'45"W 273.08 FT TO SE COR OF SD OUTLOT; TH ALG S LN OF OUTLOT S88*25'47"W 168 FT; TH N03*18'33"W 33.43 FT; TH N34*05'46"E 21.40 FT; TH N03*18'33"W 98 FT; TH N27*34'E 11.58 FT; TH N03* 18'33"W 103.5 FT; TH ALG N LN OF OUTLOT N88*29'44"E 233.60 FT TO POB (L=5 P=1/2 SEC 8, T7N-R10E)

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,989 16,287 25,979
Median Age: 35.71 39.35 41
Households: 1,708 6,288 9,879

Contact

Photograph of Listing Agent

Wes Denney

Denney Real Estate
CPIX Member

Source

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