Seminole Woods Office Park
Attractive Office Condo in Seminole Woods Office Park
Marketing description
Exceptional Office Condo at 549 Seminole Rd, Suite 103, Norton Shores, MI 49444 offers an attractive opportunity for investors seeking stable income and long-term upside. Located in the desirable Seminole Woods Office Park just off busy Seaway Drive, this professionally remodeled executive office condo combines strong visibility, easy access, and a well-maintained business setting. The ±1,084 SF suite was renovated in 2023 and features a bright, modern layout with private offices, conference space, reception area, restroom, and kitchenette. Situated within a quality office development built in 2005, the property benefits from ample on-site parking and a strong professional presence. This turnkey investment is 100% occupied by a single tenant under a modified gross lease since 2018, with two additional renewal options. Current NOI is $10,557, with 3% annual rent escalations already in place. Offered at $138,500, this low-maintenance asset presents a compelling 7.6% cap rate in a high-traffic Norton Shores location.
Investment highlights
- Turnkey investment - Leased to a solid tenant since 2018, providing stable, long-term cash flow.
- Strong Financials: Current Net Operating Income (NOI) of $10,557 with 3% annual rent escalations.
- Out-of-suite storage included for non-current items.
- Prime-Location; High-traffic area with easy access and strong professional presence within the office park.
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