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17717 Masonic Blvd 8,449 SF Office Building Fraser, MI 48026 $1,750,000 ($207.13/SF) 8.93% Cap Rate
Investment Highlights
- Freestanding, fully-leased single-tenant office building offering investors stable cash flow and long-term ownership value.
- Prominent location along Masonic Boulevard, delivering strong visibility, and ease of access.
- Ample on-site parking provides convenience for employees and visitors, exceeding typical office parking requirements.
- Price per square-foot is significantly below replacement cost at $207.12/SF.
- Well-suited for investors seeking a stable office asset with upside potential through lease renewals or repositioning.
- Single-tenant configuration provides simplified management and operational efficiency.
Executive Summary
For sale: SINGLE-TENANT INVESTMENT OPPORTUNITY | PUBLICLY TRADED COMPANY
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,449 SF
Building Class
C
Year Built/Renovated
1994/2008
Price
$1,750,000
Price Per SF
$207.13
Cap Rate
8.93%
NOI
$156,275
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,449 SF
Building FAR
0.21
Lot Size
0.92 AC
Zoning
IR
Parking
45 Spaces (5.36 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-14-05-251-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $425,000 |
Property Taxes
Parcel Number
03-14-05-251-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$425,000
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