This Retail Property is Off-Market.

8010 Middlebelt Road
Westland, MI 48185 ·

70,078 SF · Retail For Sale

N/A

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Arbor Place Center With Cvs Opportunity

Price N/A Cap Rate 10.20%
Gross Leasable Area 70,078 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Lot Size 6.65 AC
Property Use Type Net Lease Investment with 3 years left on lease
Listing ID: 15964337 Date Created: 10/28/2008 Last Updated: 11/17/2008

Description

Marcus & Millichap is pleased to offer for sale Arbor Place Shopping Center. Arbor Place is located on the corner of Ann Arbor Trail and Middlebelt in Westland, Michigan.

Arbor Place is currently 100 percent occupied with tenants that have a long history of occupancy. Over $300,000 of improvements have been spent recently on the center including partial roof, heating/cooling, and electrical.

This investment offers a unique opportunity for investors looking for upside potential through redevelopment. By combining an adjacent vacant gas station and a portion of the Arbor Place Center, an investor would be able to develop a freestanding building.

This property is located on the corner of Ann Arbor Trail and Middlebelt in Westland, Michigan.

Research

8010 Middlebelt Road, Westland, MI 48185 (Wayne County)

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