Historical Office Sale Listing - Lakeview State Police Post

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Lakeview State Police Post

10300 Howard City Edmore Rd, Lakeview, MI 48850

N/A

6,068 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
6,068 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
5%
Cap Rate:
10%
Tenancy:
Single
Lot Size:
2.55 SF
APN / Parcel ID:
5900401700610
Listing ID
18057540
Last Updated
over 1 year ago

Description

Investors: Here is your opportunity to own a State-leased building with three years left on a renewable ten-year lease. We have priced this building based on the annual rent of $25,788.96 yielding nearly a 10% cap rate and the SEV of $112,100. This State Police post in Lakeview has been selected as one the few remaining permanently manned posts. The post was built in 1975 and has been maintained to State standards. It appears to be in excellent condition and the roof was replaced in 1999. An underground storage tank(UST) was removed with proper documentation. We have a motivated seller who needs to move thru this property quickly. Buyer must be approved by tenant for lease. Please call for a showing at your earliest convenience.

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Map of 10300 Howard City Edmore Rd, Lakeview, MI 48850 (Montcalm County)

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