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117 W 4th St 15,000 SF 33% Leased Office Building Royal Oak, MI 48067 $5,002,372 ($333.49/SF) 6.83% Cap Rate
Investment Highlights
- Prime Location in Downtown Royal Oak, MI
- High-Quality Finishes and Fixtures
- Close Proximity to Dining and Amenities
- Accessible Elevator for Tenant Convenience
- Ample Area Parking for Employees and Clients
- Private Large Outside 3rd Floor Space is Part of Suite For Lease Shared A
Executive Summary
The seller will lease back the 2nd floor leaving the 3rd floor available.
The first floor is occupied with two retail tenants.
The first floor is occupied with two retail tenants.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
1922/2004
Price
$5,002,372
Price Per SF
$333.49
Cap Rate
6.83%
NOI
$341,662
Percent Leased
33%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,000 SF
Building FAR
2.37
Lot Size
0.15 AC
Zoning
CBD - Central Business District
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Private Large Outside 3rd Floor Space is Part of Suite For Lease
| Space | Size | Space Use | Build-Out | Available |
| 3rd Floor | 5,000 SF | Office | Full Build-Out | Now |
3rd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size | 5,000 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Private Large Outside 3rd Floor Space is Part of Suite For Lease
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-21-239-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,205,110 |
Property Taxes
Parcel Number
25-21-239-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,205,110
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117 W 4th St
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