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PROFESSIONAL OFFICE BUILDING - FOR SALE 3500 SQ. FT.
MLS #: 737970
Acreage: 1.68
Building SqFt: 9400
Office SqFt: 940
New office building (built in 2007) with occupancy in 2008. Ideally located in an upscale area near the new M-6 medical center of new hospitals. This area known as Gezon Parkway & M-6 is the home of the new St. Mary’s Outpatient Center and the new Metro Health Hospital along with various new medical clinics and yet to be built University of Michigan Oncology Research Center. * Class A office building in high traffic Byron Center Ave and M-6 area
* Nice, clean presentation with visibility and signage.
* Nicely landscaped and maintained.
* 9,900 Sq. Ft. (4,950 sq. ft. on each level)
* 1.68 Acres
* 47 Parking Spaces
* Walking Entry on each level
* Picturesque Natural Setting
* Lower level 100% occupied generating $4,566 per month with three tenants with 5 year leases.
* Main level 21% occupied generating $1,150 per month with one tenant with a 7 year lease.
* 3,800 SF yet to be finished and available for lease will generate approx. $3,791 per month.
* All tenants have a 3% annual escalator.
* All are net leases with the Tenant paying gas, electric, phone and data.
* Property Taxes were $14,803.37 for 2008.
* Maintenance expenses were approx. $6,500 for 2008.
* Insurance was $1,400 for 2008.
* Leasing rate for Main level is $13.00 Sq. Ft.
* Listing price of $1,300,000.
For additional information contact: Jack Rogers 616/822-2463
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