Listed by Colliers - Royal Oak/Detroit, Michigan
$3,000,000
2191 E. South Boulevard
Details
APN 14-36-352-041
Property Type Office
Sub Type Medical Office
Square Footage 24,581
Cap Rate 7.68%
NOI $230,420
Occupancy 72.7%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 12.12%
Pro-Forma NOI $363,680
Class B
Year Built 2007
Year Renovated 2023
Buildings 1
Stories 3
Parking Spaces 94 spaces
Parking Per SqFt 3.82
Investment Type Value Add
PRIME MEDICAL OFFICE | EXCELLENT OWNER USER OPPORTUNITY | MULTI-TENANT | AMPLE PARKING
Marketing description
For Sale
Investment highlights
• Excellent Owner User Opportunity
• 800 to 4,530 RSF of Medical Space Available
• 7,000 RSF Premium Lower-Level Space for Lab/Testing/Clinic
• Renovations Including: Common Areas, Lighting, Landscaping, and Front Entrance
• Close-Proximity to Trinity Oakland Hospital, With Easy Access to Corewell Royal Oak, Corewell Troy & Ascension Rochester
• Ample Parking for Patients and Employees
• Custom Finishes and Build-Outs Available
Listing Contacts
Listed by Colliers - Royal Oak/Detroit, Michigan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$230,420.00
$19,201.67/mo
Valuation Metrics
0
DSCR
7.68%
Cap Rate
7.68%
ROI
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