$772,500
$799,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
8,112 SqFt
SOLD DATE : 02/28/2022
Key Details
Sold Price $772,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,112 sqft
Price per Sqft $95
Subdivision 4141 Office Park Occpn 1032
MLS Listing ID 2210084218
Sold Date 02/28/22
Originating Board Realcomp II Ltd
Year Built 1990
Annual Tax Amount $20,490
Lot Size 0.810 Acres
Acres 0.81
Lot Dimensions 80.00X442.00
Property Description
INVESTMENT HIGHLIGHTS:
Strong in-place tenant with 2% annual increases
12/31/25 lease expiration
8,000 SF finished lower level not included in RSF
Adjacent 0.54 acre lot available
Located in an office park with excellent road visibility/exposure
Close to US-24
FINANCIAL SUMMARY:
Asking Office Building Price: $799,000
RSF: 8,112 (8,000 SF finished lower level)
In-Place NOI: $72,293
In-Place Cap Rate: 9.05%
Occupancy: 100%
Year Built: 1990
0.54 Acre Vacant Lot: $100,000
TOTAL PURCHASE PRICE: $899,000
Location
State MI
County Oakland
Area Waterford Twp
Zoning Office
Direction US-24 N/Dixie Hwy/Telegraph to Sashabaw. Head N on Sashabaw from US-24. .5 Miles Turn R on Walton. Turn R into Office Park
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Road Frontage Paved, Private
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Block/Concrete/Masonry,Brick
Schools
School District Waterford
Others
Tax ID 1310226041
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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