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32280 5 Mile Rd
Livonia, MI 48154
Office Property For Sale
Investment Highlights
- Passive Investment Opportunity – This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset with minimal landlor
- Stable Tenant – Smile Partners acquired the practice in 2018 and is midway through their 2nd 5 year term, highlighting their long-term commitment. The
- Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
- Strong Demographics – The site is favorably located in a wealthy and heavily populated area with over 256,708 residents in a 5-mile radius
- Retail Corridor – This office is placed in a pleasant residential area along many healthcare locations. It is surrounded by several shopping and strip
Executive Summary
The lease is a true triple-net (NNN) lease, minimizing unexpected costs for the landlord. The tenant is responsible for all capital expenditures related to ownership, including utility lines, HVAC, snow removal, trash service, and parking lot repaving or resurfacing. The landlord’s obligations are limited solely to the roof and structural exterior walls (excluding the storefront, doors, and windows)
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
3,898 SF
Building Class
C
Year Built/Renovated
1976/2018
Price
$1,300,000
Price Per SF
$333.50
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,898 SF
Building FAR
0.28
Lot Size
0.32 AC
Zoning
C-1 - Office Service District
Parking
20 Spaces (5.13 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 46-060-01-0705-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $190,700 |
Property Taxes
Parcel Number
46-060-01-0705-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$190,700
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