
The Elevator Building on The Riverfront | 9% CAP | 96% Occ
The Elevator Building on Detroit’s Riverfront | 9% CAP | 96% Occupied
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Investment highlights
Robust and Diverse Tenant Base
Despite the rise in work-from-home trends, the majority of small businesses continue to rely on physical workspaces to operate effectively.
Move-In Ready Spaces
Tenants lease space in its current condition, with no tenant improvement (TI) requirements, ensuring faster occupancy and cost savings.
Minimal Broker Fees
With most tenants opting to handle their own leasing arrangements, broker involvement is limited, keeping transaction costs low.
Simple, Transparent Pricing
Rents are quoted as a flat monthly rate, allowing small space tenants to focus on total costs rather than price per square foot.
Consistent Occupancy Rates
Proven track record of maintaining high occupancy levels, even with relatively short-term lease agreements of 3-5 years.
Diverse and Resilient Tenant Mix
A broad, varied tenant base reduces exposure to credit risk, ensuring stable cash flow and occupancy across different market conditions
Neighbors
Detroit Riverwalk, Dequindre Cut Greenway, Aretha Franklin Amphitheater, Renaissance Center, Joe Muer Seafood, Andiamo, Orleans Landing Apartments, Atwater Brewery, Harbor Town, Meijer, Atwater Beach, Red Hook Coffee, Breadless, Empacho argentinian street food, Stroh River Place, Rattlesnake Club, Bucharest Grill, Harbor town Market
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