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Saginaw County Mental Health Authority 1040 N Towerline Rd 14,519 SF Office Building Saginaw, MI 48601 $1,077,720 ($74.23/SF) 10% Cap Rate
Investment Highlights
- Net Lease Office Investment - 14,519 SF Situated On 3 Acres
- SCCMHA Is a Local, Independent, Governmental Unit Serving 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 24 Years
- Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area
- Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - Landscaping, Seal & Strip Parking Lot and Alarm System
Executive Summary
Net Lease Office Investment - 14,519 SF Situated On 3 Acres
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,519 SF
Building Class
B
Year Built
2001
Price
$1,077,720
Price Per SF
$74.23
Cap Rate
10%
NOI
$107,772
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
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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Saginaw County Mental Health Authority | 1040 N Towerline Rd
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