Listed by CBRE - Detroit, CBRE - San Francisco Peninsula
$1,700,000
1701 Lake Lansing Road
Details
APN 21-01-03-426-026
Property Type Office
Sub Type Traditional Office
Square Footage 11,944
Net Rentable (SqFt) 10,655
Units 3
Occupancy 70.8%
Tenancy Multi
Price per SqFt $142
Class B
Year Built 1993
Buildings 1
Stories 2
Acreage 1.320
Investment Type Value Add
Office | 11,944 SqFt
Marketing description
CBRE is pleased to exclusively offer investors the opportunity to acquire the fee-simple interest in 1701 Lake Lansing Road.1701 Lake Lansing Road is an 11,944-sq.-ft., multi-tenant office building situated within a bustling commercial district in northeast Lansing, Michigan. The meticulously maintained three-tenant building is 100% leased and 70.8% occupied. The 3,108 sq. ft. of grey space is leased until the end of February 2027, which provides investors an outstanding opportunity to purchase an attractive asset with strong existing cash flow and the ability to add value through the reletting of the vacant space, steadily growing the NOI over time.
Listing Contacts
Listed by CBRE - Detroit, CBRE - San Francisco Peninsula
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