Catylist ID: #30525213
15K SF Investment Property | Government Tenant
Office for Sale
|Catylist Listing ID:||30525213|
|Property Subtypes:||Governmental, Mixed Use|
|Building Size (RSF):||15,729 SF|
|Gross Land Area:||0.92 Acres|
|Unit Price:||$117.62 PSF|
|Property Use Type:||Investment|
|Building Name:||Harriet Commerce Center|
|Class of Space:||Class C|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
Great investment property opportunity with ideal Governmental long-term tenant on a NNN lease. Great return - estimated 8% cap rate.
Professional well-maintained building with responsible and respectful occupants.
Located on a high-Traffic intersection (main N/S drive to I-94) w/ plenty of parking, high-visibility and minutes to I-94, Michigan Avenue, downtown Ypsilanti and an easy drive to Ann Arbor and Detroit.
Surrounded by industry, local businesses, schools & neighborhoods.
Financials provided with NDA.
|Tenant Business Name||Michigan Works! Association|
|Industry Type||Health Care and Social Assistance|
|Nearest MSA:||Ann Arbor|
|Submarket/Township:||Washtenaw E of 23|
|Taxing Authority:||City of Ypsilanti|
|Property Located Between:||S Hamilton Street & S Adams Street|
|Airports:||Detroit Metro, Willow Run & Ann Arbor Municipal|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Parking Ratio:||2.8 (per 1000 SF)|
|Parking Description:||rear surface parking|
|Total Parking Spaces:||45|
|Heat Type:||Natural Gas|
|Air Conditioning:||Package Unit|
|Internet Access:||Cable, ISDN|
|Zoning Description:||Neighborhood corridor (NC). Neighborhood corridors have a linear land pattern and are adjacent to residential neighborhoods. The size, form and scale of buildings and the type and intensity of uses should be complementary to abutting single-family or core neighborhoods, including less intense multiple-family residential building types and uses.|
|Easements Description:||provided with title commitment|
|Legal Description:||YP CITY 53W-12A LOTS 7 THRU 13 TRIM & MC GREGOR'S SUBD'N OF LOTS 53, 54, 55, 56, 57 & 58 H. W. LARZELERE'S ADDITION|
|Proximity:||1 mile||3 miles||5 miles|
James H. ChaconasColliers International
|© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|