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Browse More Listings in Office For Sale, Lapeer, MI or Michigan

Office Property For Sale

350 N. COURT

350 N. COURT, Lapeer, MI 48446

Price:
$389,900
Building Size:
10,000 SF
Price/SF:
$38.99
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Medical Office
Office-R&D
Office Condo
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
12%
Occupancy:
95%
Tenancy:
Multiple
Find Out More...

Last Verified 10/28/2009 Listing ID 15629614

Description

Terrific investment opportunity with strong Cap Rate potential!

This property consists of an office condominium with seven units and five owners. It is a three story building with four retail units on the main floor and professional offices on the second and third floors.

The property for sale is the second floor (unit 5) of the building which consists of approximately 10,000 square feet of office space with a common conference room and handicapped bathrooms. There are currently nine tenants with multiple year leases. Most of the floor has been recently remodeled. The owner provides heat, air, and electricity.

Income and expense information, along with Appraisal information, is available to serious buyers.

DT LAPEER, APPROXIMATELY 20 MINUTES EAST OF FLINT AND 1 HOUR NORTH OF DETROIT.

Financial Summary

Actual
Net Operating Income
$51,000

Map of 350 N. COURT, Lapeer, MI 48446 (Lapeer County)

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Presented by

Coldwell Banker Whitman-Pope

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Contact Listing Broker

chris hendrix (248) 790-4933

Sally Scott (248) 535-7810

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Created 3/24/2008

Additional Information for 350 N Court Street, Lapeer, MI 48446

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - 350 N. COURT

350 N. COURT, Lapeer, MI, 48446