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9.50% CAP Saginaw Mental Health 1040 N Towerline Rd 14,519 SF Office Building Saginaw, MI 48601 $1,103,200 ($75.98/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease Office Investment - 14,519 SF Situated On 3 Acres
- Saginaw Is The Largest Municipality In The Saginaw,Midland, and Bay City Metropolitan Area
- Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units,Landscaping, Seal & Strip Parking Lot and Alarm System
- SCCMHA Is a Local, Independent, Governmental UnitServing Saginaw County | Employs 310+ Staff &Contracts w/ Over 150 Different Organizations
- Tenant Recently Completed Interior Renovations &Extended Lease Showing Commitment To Location
- Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years
EXECUTIVE SUMMARY
Net Lease Office Investment - 14,519 SF Situated On 3 Acres
Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years
SCCMHA Is a Local, Independent, Governmental Unit Serving Saginaw County | Employs 310+ Staff & Contracts w/ Over 150 Different Organizations
Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area
Tenant Recently Completed Interior Renovations & Extended Lease Showing Commitment To Location
Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units, Landscaping, Seal & Strip Parking Lot and Alarm System
Easy Access To I-75 w/ Five Mile Population Exceeding 51,000
Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years
SCCMHA Is a Local, Independent, Governmental Unit Serving Saginaw County | Employs 310+ Staff & Contracts w/ Over 150 Different Organizations
Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area
Tenant Recently Completed Interior Renovations & Extended Lease Showing Commitment To Location
Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units, Landscaping, Seal & Strip Parking Lot and Alarm System
Easy Access To I-75 w/ Five Mile Population Exceeding 51,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
14,519 SF
Building Class
B
Year Built
2001
Price
$1,103,200
Price Per SF
$75.98
Cap Rate
9.50%
NOI
$104,808
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,519 SF
Building FAR
0.11
Lot Size
3.01 AC
Zoning
B-3 - General Commercial
Parking
77 Spaces (5.3 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Central Heating
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Saginaw Mental Health
- Health Care and Social Assistance
- 14,519 SF
- -
- Double Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Saginaw Mental Health | Health Care and Social Assistance | 14,519 SF | - | Double Net | - |
PROPERTY TAXES
| Parcel Number | 10125223004002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $513,600 |
PROPERTY TAXES
Parcel Number
10125223004002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$513,600
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9.50% CAP Saginaw Mental Health | 1040 N Towerline Rd
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