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4241 Old US Highway 27 S 12,724 SF 100% Leased Office Building Gaylord, MI 49735 $1,417,500 ($111.40/SF) 10.25% Cap Rate
Investment Highlights
- 100% leased to Wade Trim Group and Huron Pines
- Gross lease structure with clearly defined landlord and tenant responsibilities.
- Strategic Gaylord location along the I-75 corridor in Northern Michigan.
- Contractual annual rent increases of 3.0% and 3.5%.
- Well-maintained 2000-built masonry and steel construction on 1.35 acres.
Executive Summary
Graystone Capital Advisors is pleased to present 4241 Old US Hwy 27 S, Gaylord, MI 49735, a 12,724-square-foot, two-tenant office property on 1.35 acres, 100% leased to Wade Trim and Huron Pines.? The tenants occupy 67.9% and 32.1% of the building, respectively, under gross leases extending through December 2030 and April 2030, with contractual annual rent increases of 3.0% and 3.5%.?
The property generates approximately $145,300 in Year 1 net operating income and provides investors with a 4.13-year weighted average lease term as of August 2026, established tenancy and contractual rent growth throughout the remaining lease terms.?
The property generates approximately $145,300 in Year 1 net operating income and provides investors with a 4.13-year weighted average lease term as of August 2026, established tenancy and contractual rent growth throughout the remaining lease terms.?
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,724 SF
Year Built
2000
Price
$1,417,500
Price Per SF
$111.40
Cap Rate
10.25%
NOI
$145,296
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,724 SF
Building FAR
0.22
Lot Size
1.35 AC
Zoning
B-1 – Local Business - Permits neighborhood-serving commercial uses including offices, retail, services, banks and similar low-intensity businesses.
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Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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