Northtowne Commons

Office for Sale
Catylist Listing ID: 30474438
Property Subtypes: Governmental, Medical, Mixed Use, Net Leased, Office Building
Building Size (RSF): 23,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.79 Acres
Sale Price: $2,500,000
Unit Price: $108.70 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Northtowne Commons
Class of Space: Class A
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/17/2019

Overview / Comments

The Glass jewel of Fenton!! This 2 story 23,000 sq. ft. office building is located in the hot Fenton market. Current occupancy runs between 85 and 90 percent. Long term tenants include the State of Michigan and many other fine tenants. No tenants occupies over 15% of the leased space. Owner is retiring and is offering seller financing. Feel free to rename the building to suit your needs.
Current rents are below new market rents!

Rent roll and financials are available to qualified buyers..

Additional Details

Nearest MSA: Flint
County: Genesee
Taxing Authority: Fenton Twp.
Tax ID/APN: 250624100020
Zoning: OS
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 11,500 SF
Year Built: 1991
Parking Description: Ample parking in both front and back
Passenger Elevators: 1
Zoning Description: Fenton Twp Office Space zoning
Lot Frontage: 160
Lot Depth: 394
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 936 27,234 60,017
Median Age: 40.18 40.12 39.62
Households: 396 11,081 23,205

Contact

Photograph of Listing Agent

David M Goldstein

RE/MAX Platinum
CPIX Member
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