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

Office Property For Sale

OFFICE PARK WEST

428 - 618 S. Creyts Road, Lansing, MI 48917

Price:
$3,476,005
Building Size:
53,477 SF
Price/SF:
$65
Property Type:
Office
Property Sub-type:
Office-Business Park
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
8.32%
Occupancy:
48%
Tenancy:
Multiple
Lot Size:
8 AC
Find Out More...

Last Verified 11/5/2009 Listing ID 16289965

Description

Office Park West is a Nine (9) building office park containing approximately 53,477 SF - The property is currently 48% occupied and has been taken back by its lender, a former Lehman Brothers entity. This offering presents investors with the unique opportunity to acquire a well located office park at a distressed price.

*A FULL OFFERING MEMORANDUM IS AVAILABLE UPON REQUEST AND EXECUTION OF A CONFIDENTIALITY AGREEMENT.

Located in Delta Township, Eaton County, Michigan just north of St. Joe on the west side of Creyts Road.

Financial Summary

Actual
Net Operating Income
$289,204

Map of 428 - 618 S. Creyts Road, Lansing, MI 48917 (Eaton County)

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Presented by

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Contact Listing Broker

Van Martin (517) 351-2200

Edward Mikolay (616) 831-2200

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Created 6/23/2009

Additional Information for 428 S Creyts Road, Lansing, MI 48917

Active For Sale - 2 Listings
Active For Lease - 1 Listing
Previously Listed - 1 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.

Comparable Properties for 428 - 618 S. Creyts Road, Lansing, MI 48917

Nearby Office properties for saleSearch all commercial real estate for sale

5021 W. St. Joseph
$290,000
10,228 SF
Snow Professional Park
$725,000
5,731 SF
Office Park West - Buildings
$75.00/SF
5,170 SF
Capitol Commerce Park
$2,200,000
15,828 SF

Nearby Office properties for leaseSearch all commercial real estate for lease

St. Joseph W. - 4911
$17.00 - $18.50/SF/Year
2,000 - 6,675 SF
5236 Dumond Court
$12.00/SF/Year
1,000 - 3,935 SF
5021 W. St. Joseph
$11.00/SF/Year
680 - 2,000 SF
St. Joe - 5123
$12.62/SF/Year
1,567 SF
Snow Professional Park
$17.00/SF/Year
2,400 SF

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 - OFFICE PARK WEST

428 - 618 S. Creyts Road, Lansing, MI, 48917