Two Building Office Value Add Package

Office for Sale
Catylist Listing ID: 30573380
Property Subtypes: Office Building
Building Size (RSF): 31,695 SF
Gross Land Area: 4.94 Acres
Sale Price: $1,100,000
Unit Price: $34.71 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: ARJO Office Complex
Class of Space: Class C
Usable Size (USF): 28,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2020

Overview / Comments

Located on South Cedar Street, just South of I-96, the ARJO office complex sit on 4.94 acres across from Lowes and near Flagstar Bank, Advance Auto Parts and Starbucks.
The office complex is two buildings of 14,288 Sq Ft and 17,407 sq ft at 6910 and 6920 S Cedar. The property has a huge value add in the upside from completing the leasing in the property.

There are some great spaces still available such as 1st floor medical with a dedicated parking area and entrance, prominent street signage and flexible F Commercial zoning that could even allow for retail development on the site.

Full offering memorandum available. Inquire for details.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Ingham County City of Lansing
Tax ID/APN: Mulitple
Zoning: F COMMERCIAL
Property Visibility: Excellent
Highway Access: I 96 to the North
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1979
Roof Type: Flat
Construction/Siding: Brick, Metal/Glass
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,892 60,084 132,836
Median Age: 35.34 35.09 34.32
Households: 4,533 25,015 51,322

Contact

Photograph of Listing Agent

Matthew Wisniewski, CCIM

RE/MAX COMMERCIAL GROUP CPIX Member
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