Listed by Encore Real Estate Investment Services
$1,077,720
10% CAP | 24+ Yrs of Occupancy
Details
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 14,519
Cap Rate 10%
NOI $107,772
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 26
Lease Expiration 05/31/2027
Remaining Term 1
Lease Options None
Price per SqFt $74
Year Built 2001
Year Renovated 2020
Buildings 1
Stories 1
Acreage 3.000
Investment Type Net Lease
Lease Commencement 05/30/2001
SINGLE TENANT OFFICE INVESTMENT
Marketing description
Investment highlights
Net Lease Office Investment - 14,519 SF Situated On 3 Acres
Recent Lease Renewal | Tenant Has Occupied Property For Over 24 Years
SCCMHA Is a Local, Independent, Governmental Unit Serving Saginaw County | Employs 310+ Staff & Contracts w/ Over 150 Different Organizations
Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area
Tenant Recently Completed Interior Renovations & Extended Lease Showing Commitment To Location
Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - Landscaping, Seal & Strip Parking Lot and Alarm System
Easy Access To I-75 w/ Five Mile Population Exceeding 51,000
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$107,772.00
$8,981.00/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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