
Downtown Wyandotte
Office | 9.30% CAP
Marketing description
There is a lot value to create here in renewals or re-tenanting of the these buildings.
The Main Downtown Business District of Wyandotte
The buildings have been well maintained throughout the years. The buildings were built with quality construction.
The subject buildings are in a area of a downtown business district, better than average demographics, considered a stabilize market with low risk of the overall demographics changing in the future.
Wyandotte services all of the Downriver communities with its retail, restaurants and services. Easy access to Detroit Metro area.
Currently Henry Ford Physical Therapy and Medical o!ce occupies 84% of the buildings, the remaining medical tenant a long-term specialist. Henry Ford has occupied the buildings for over 20 years
Henry Ford Physical Therapy, Medical Building and Chief Gasternologist for HF
There are 2 Buildings totaling 18,000 sf
Building 1 Medical building 10,500 sf HF 6500 sf Gasternologist 4,000 sf for 40 yrs
Building 2 HF Physical Therapy 7500 sf
4,000 sf Gasternologist $63,654 term thru Aug 2030 3% increase each yr
6,500 sf HF Medical $113,820 term thru Dec 2027 no options
7,500 sf HF Physical Therapy $154,636 term thru May 2026 no options
HF has had occupancy for upto 20 yrs
Physical Therapy was former Block buster Video 50 yr line of the Wyandotte great for redevelopment or a modest upgrade to the national PT group this building can generate $28 sf NNN. The property of the PT can support a mid rise in the future with the back drop of the river on the main street of Wyandotte.
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