This Office Property is Off-Market.

10300 Howard City Edmore Rd
Lakeview, MI 48850 ·

6,068 SF · Office For Sale

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Lakeview State Police Post

Price N/A Commission Split 5%
Building Size 6,068 SF Cap Rate 10%
Property Type Office Tenancy Single
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

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.

(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

Research

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

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