9222 Grand River Avenue

Office for Sale
Catylist Listing ID: 1821201
Property Subtypes: Office Building
Building Size (RSF): 10 SF
Gross Building Area: See Agent
Sale Price: $4,618,000
Unit Price: $461,800 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Last Updated: 2/27/2018

Overview / Comments

US Government leases. May be purchased separately. Leases expire in 2021 and 2022. Gross leases with expense stops and annual rent increases. Class A office buildings. Assumable debt. $2,315,000 & $2,303,000 sale prices. 7.25% leveraged yield.

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: Unknown
Property Located Between: Additonal Address 5715 Michigan Avenue
Total Number of Buildings: 2
Number of Stories: 1
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,030 204,540 502,200
Median Age: 37.67 34.1 34.41
Households: 9,451 74,737 184,543


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