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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 & Associates is a registered broker-dealer and investment advisory firm providing wealth management, brokerage, and investment banking services. The firm traces its origins to 1962, when Robert A. James founded Robert A. James Investments in Florida. In 1964, the company merged with Raymond & Associates, forming Raymond James & Associates, which became the core operating broker-dealer of the broader Raymond James organization. The firm operates as a principal subsidiary of Raymond James Financial, a publicly traded financial services holding company. Raymond James & Associates delivers services to individual investors, corporations, and institutions, including financial planning, securities brokerage, equity and debt underwriting, and advisory services related to mergers and capital markets activity. The firm is a member of the New York Stock Exchange and SIPC. Over time, Raymond James & Associates has played a central role in the expansion of Raymond James Financial’s capital markets and private client operations. The firm is structured to support both independent and employee financial advisors while maintaining centralized compliance, research, and operational infrastructure. Raymond James & Associates operates within a regulated framework and remains a key component of Raymond James Financial’s wealth management and investment banking platform. The company is publicly affiliated through its parent, which trades on the New York Stock Exchange under the ticker symbol RJF.
| 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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