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17266 Mack Avenue 17266 Mack Ave 3,604 SF 100% Leased Office Building Grosse Pointe, MI 48230 $749,000 ($207.82/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased
EXECUTIVE SUMMARY
Common Area Restrooms
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$67,584
|
$18.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,584
|
$18.75
|
| Taxes |
$15,697
|
$4.36
|
| Operating Expenses |
$2,852
|
$0.79
|
| Total Expenses |
$18,549
|
$5.15
|
| Net Operating Income |
$49,035
|
$13.61
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $67,584 |
| Annual Per SF | $18.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,584 |
| Annual Per SF | $18.75 |
| Taxes | |
|---|---|
| Annual | $15,697 |
| Annual Per SF | $4.36 |
| Operating Expenses | |
|---|---|
| Annual | $2,852 |
| Annual Per SF | $0.79 |
| Total Expenses | |
|---|---|
| Annual | $18,549 |
| Annual Per SF | $5.15 |
| Net Operating Income | |
|---|---|
| Annual | $49,035 |
| Annual Per SF | $13.61 |
PROPERTY FACTS
AMENITIES
- Security System
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- 1,796 SF
- -
- Modified Gross
- Nov 2025
Raymond James Financial, Inc. is a publicly traded financial services company headquartered in St. Petersburg, Florida. Founded in 1962, the firm provides investment banking, wealth management, asset management, and banking services to individuals, corporations, and municipalities across the United States, Canada, and Europe. Raymond James operates through multiple segments, including Private Client Group, Capital Markets, Asset Management, and Banking. The company went public in 1983 and is listed on the New York Stock Exchange under the ticker symbol RJF. With a client-first approach and a history of consistent profitability, Raymond James manages over $1.6 trillion in client assets and employs professionals worldwide. Its growth strategy combines organic expansion with acquisitions, positioning it among the largest independent financial services firms in North America.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 1,796 SF | - | Modified Gross | Nov 2025 |
PROPERTY TAXES
| Parcel Number | 37-003-02-0001-001 | Total Assessment | $340,500 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $15,697 ($4.36/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2022 |
PROPERTY TAXES
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17266 Mack Avenue | 17266 Mack Ave
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