10300 Howard City Edmore Rd
Lakeview, MI 48850 ·
6,068 SF · Office For Sale
Lakeview State Police Post
|Building Size||6,068 SF||Cap Rate||10%|
|Property Sub-type||Office Building||Lot Size||2.55 SF|
|Property Use Type||Investment||APN / Parcel ID||5900401700610|
|Listing ID: 18057540||Date Created: 03/04/2013||Last Updated: 08/07/2013|
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.
(L1279p998 Dif Legal) Pt Ne 1/4 Desc As Beg 953.63 Ft W From E 1/4 Cor Th W 395ft Th N 0 Deg 15' 15
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