This property is Off-Market

3500 Ludington Street
Escanaba, MI 49829 ·

15,413 SF · Office For Sale

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Willow Creek Professional Building

Price N/A Occupancy 100%
Building Size 15,413 SF No. Stories 3
Property Type Office Tenancy Multiple
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

Description

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.

Highlights

  • 100% Occupied
  • Strong Tenant Base
  • 88% Corporate Guarantee
  • 12% Government Guarantee
  • Newer Construction

Research

3500 Ludington Street, Escanaba, MI 49829 (Delta County)

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