Listed by Trademark Commercial Group
$1,150,000
Standish Fully Leased Investment Property
Details
Property Type Office
Sub Type Traditional Office
Square Footage 10,141
Cap Rate 8.00%
Occupancy 100%
Tenancy Single
Price per SqFt $113
Acreage 2.280
Investment Type Institutional
Office | 8.00% CAP | 10,141 SqFt
Marketing description
Outstanding fully leased investment opportunity in Standish, Michigan. The Michigan Department of Health & Human Services (MDHHS) has been operating in this building for more than 30 years as the sole tenant, with the building built for them in 1987. MDHHS recently signed a 5-year renewal, which expires in 2028, with an additional 5-year option available to lease into 2033. The current Cap Rate is 8%. The Standish MDHHS is the only branch serving Arenac County with the closest MDHHS location 25 miles away in Gladwin.
Call Trademark Commercial Group at 989-792-6400 for more information and to schedule a confidential showing. All showings are by appointment only.
Listing Contacts
Listed by Trademark Commercial Group
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