Catylist ID: #30039950
3 Building Portfolio Investment Sale
Office for SaleAlso listed as Retail-Commercial, Industrial
|Catylist Listing ID:||30039950|
|Property Subtypes:||Mixed Use, Office Building, Other|
|Building Size (RSF):||8,800 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||2 Acres|
|Unit Price:||$66.48 PSF|
|Property Use Type:||Investment, Vacant/Owner-User|
|Class of Space:||Class C|
|Sale Terms:||Purchase Money Mortgage, Owner Financing|
Overview / Comments
• This property is situated on a 2 acre parcel with 3 majority-leased buildings.
• 3710 Elizabeth Lake Rd. is a 2-story structure totaling 3,000 sq. ft., with walk-out lower level, and currently houses Scott Lock & Key.
• 3720 and 3722 Elizabeth Lake Rd. is a 2 story building with 1,800 sq. ft. on each floor and currently houses a tanning studio on the upper floor and multiple counseling offices on the lower floor. Each floor has a separate entrance.
• 3714 Elizabeth Lake Rd. contains a landscape business yard with a 2,200 sq. ft. building housing the landscape business.
• In addition, the property has contractor yard storage.
• A new owner has the ability to immediately improve rents as many long term tenants are on month-to-month lease term. Leases have been kept this way to provide a new owner/user the flexibility to use space it needs and lease the rest. Consequently improving the overall investment..
Attachments & Media
|Finance Data Year||2016|
|Real Estate Taxes - Annual($)||$12,442 (Annual)|
|Taxing Authority:||Waterford Township|
|Property Located Between:||Cass Lake Rd. and Winding Dr.|
|Total Number of Buildings:||3|
|Number of Stories:||2|
|Typical SF / Floor:||1,500 SF|
|Total Parking Spaces:||35|
|Zoning Description:||Commercial, Single Tenant Industrial and Freestanding Commercial Retail|
|Proximity:||1 mile||3 miles||5 miles|
Philip A WojtowiczCORE Partners
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