Revitalized Muskegon Portfolio
Retail | 8.79% CAP | 83,930 SqFt
Marketing description
Advantage commercial real estate is pleased to present a rare opportunity to acquire a two-asset, mixed-use portfolio totaling 83,930 sf in the heart of downtown Muskegon’s revitalizing commercial district. Representing more than $10 million in recent capital investment, core plaza and Northtown 794 collectively offer investors a stabilized, diversified income stream backed by strong occupancy, modern redevelopment, and transferable tax incentives.
Together, the assets generate a combined $839,798 in NOI and are offered at a cap rate of 8.11% based on the $10,350,000 portfolio pricing. The mix of retail, food & beverage, coworking, and professional office tenancy provides both resilience and upside as Muskegon continues to experience accelerated urban growth and demand for high-quality commercial space.
Investment highlights
54 Co-working Units | 100% Occupied
18 Retail Suites & Stalls | 4 Vacancy
$10+ Million in Capital Invested
11,600 SF of Fully Occupied Professional Office Space
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