Listed by NAI Mid-Michigan
$2,300,000
Crown Pointe Business Park
Details
Property Type Office
Sub Type Executive Office
Square Footage 25,000
Cap Rate 8.26%
NOI $189,985
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.26%
Pro-Forma NOI $189,985
Price per SqFt $92
Buildings 5
Stories 1
Acreage 2.500
Zoning BC
Parking Spaces spaces
8.26% CAP Office Park for Sale South of Dewitt
Marketing description
Crowne Pointe Business Park is located in DeWitt Township, Clinton County just north of State Road. Over 90% occupied and with recent improvements this investment offering is nearby many retail, commercial, showroom, and warehouse businesses on old US-27
Investment highlights
25,000 SF of professionally managed, single-story suites
100% occupied with decades of proven occupancy rates
5 buildings consisting of 5,000 SF each
Building 60 contains high revenue salon suites
Condo association for utilities and common area maintenance
New roofs on all buildings in 2019, new parking lot in 2018
Zoned BC Community Business
Listing Contacts
Listed by NAI Mid-Michigan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,985.00
$15,832.08/mo
Valuation Metrics
0
DSCR
8.26%
Cap Rate
8.26%
ROI
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