This property is Off-Market
3500 Ludington Street
Escanaba, MI 49829 ·
15,413 SF · Office For Sale
Willow Creek Professional Building
|Building Size||15,413 SF||No. Stories||3|
|Property Sub-type||Office Building||Year Built||2004|
|Property Use Type||Investment||Lot Size||2.40 AC|
|Cap Rate||9.25%||Parking Ratio||5.60 / 1,000 SF|
|Listing ID: 15671149||Date Created: 04/18/2008||Last Updated: 11/10/2008|
Marcus & Millichap are please to present for your acquisition review the Willow Creek Professional Building of Escanaba, MI.
This 100% leased office building offers 3 stories and 12,000 rentable square feet. This property provides a good tenant mix of government, medical, and corporate tenants. The leases in place at this building are 100% guaranteed, whereas 88% of the gross leasable aera is backed by corporate guarantees and the remaining 12% is backed by a United States Government Guarantee.
The property is located on US Route 2, in Escanaba, Michigan, near the western city limits. This location is directly across the street from the OSF St. Francis Hospital an 80 acre hospital and healthcare facility.
- 100% Occupied
- Strong Tenant Base
- 88% Corporate Guarantee
- 12% Government Guarantee
- Newer Construction
2727 N. Lincoln Road
Escanaba, MI 49829
For Sale · $575,000
15,200 SF Building
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