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
Class C
Buildings 5
Stories 1
Acreage 2.500
Zoning BC
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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