1014 N. Saginaw St.

Retail-Commercial for Sale
Catylist Listing ID: 30047632
Property Subtypes: Day Care Facility
Building Size (RSF): 3,635 SF
Gross Building Area: See Agent
Sale Price: $360,000
Unit Price: $99.04 PSF
Property Use Type: Investment
Building Name: Magic Moments Child Care
Sale Terms: Purchase Money Mortgage
Average Occupancy Rate: 100
Last Updated: 9/11/2017

Overview / Comments

• Excellent investor opportunity to purchase a fully occupied building within a highly visible office condominium park.
• The building's long term tenant, Magic Moments Child Care, has current lease through 12/21/2025.
• Current tenant's lease rate is $10 per sq. ft NNN, so tenant pays all its operating expenses.
• Building is part of 3-building office condominium. The building, with the child care tenant, is available for sale; another building houses Physiotherapy Associates (PT) and Advanced Care Chiropractic and Massage; the third building is a residential home converted to an office. This building is presently for sale $129,000 under a separate sale.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Tax ID/APN: 01-27-302-004
Zoning: OFFICE CONDOMINIUM
Property Located Between: Grand Hall Rd. and Oakwood
Property Visibility: Good
Largest Nearby Street: N. Saginaw Rd.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,635 SF
Year Built: 2004
Roof Type: Gable
Construction/Siding: Wood Siding
Total Parking Spaces: 50
Parking Type: Surface
Sprinklers: None
Zoning Description: Office condominium

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,132 12,610 37,149
Median Age: 36.55 39.41 40.37
Households: 2,106 4,793 14,547

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