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33704517
33704516

Northwest Corner of Seven Mile Road & Middlebelt Road, Livonia, MI 48152

BW
MI 471008161
Mid-America Real Estate Corporation
DS
MI 6502366722
Mid-America
Listed by Mid-America Real Estate Corporation, Mid-America
$12,500,000
13 days on market
Updated 13 days ago

Livonia Marketplace

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 52,730
Cap Rate 7.20%
NOI $895,786
Occupancy 100%
Tenancy Multi
Year Built 2010
Buildings 4
Acreage 15.890
Parking Spaces 323 spaces
Parking per 1,000 SqFt 6.13
Investment Type Stabilized

Retail | 7.20% CAP | 52,730 SqFt

Marketing description

Mid-america Real Estate Corporation, in Cooperation With Mid-america Real Estate – Michigan, INC, Has Been Retained on Behalf of the Owner to Sell the 100% Fee Simple Interest in Livonia Marketplace, a 100% Leased Community Shopping Center Shadow-anchored by Walmart and Kohl's and Positioned Within the Dense Northwestern Suburbs of Detroit.

Previously the Site of Livonia Mall and Redeveloped Beginning in 2010 With the Addition of the Subject Offering Multi-tenant Outlot Buildings and Walmart. Kohl's Was Developed Shortly Thereafter and Opened in 2012. The Subject Offering is Comprised of 52,730 Square Feet, Sits on 15.89 Acres of Land, and Features Abundant Parking With a Ratio of 6.13 Spaces Per 1,000 Square Feet. The Asset Consists of Four Multi-tenant Outlot Buildings Ranging in Size From 8,700 Square Feet to 21,750 Square Feet.

Investment highlights


Listing Contacts

BW
MI 471008161
Mid-America Real Estate Corporation
DS
MI 6502366722
Mid-America
Listed by Mid-America Real Estate Corporation, Mid-America

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$895,786.00
$74,648.83/mo

Valuation Metrics

0
DSCR
7.17%
Cap Rate
7.17%
ROI

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