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
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