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45290 Utica Park Blvd
Utica, MI 48315
2nd & Charles | Utica, MI · Retail Property For Sale
Investment Highlights
- 2nd & Charles recently signed a 7 Year extension
- Shared access with Super Regional Shopping Center & McDonalds - Significant daily traffic
- Super Regional Trade Area - Sterling Heights retail market services some of the most affluent & dense neighborhoods in the Detroit MSA
- Books a Million serves as the signatory on the Lease
- The Golden Corridor - Detroit MSA - Hall Road
- Excellent Access & Visibility from Hall Road (89,932 vehicles per day)
Executive Summary
Atlantic Capital Partners has been engaged to solicit offers for the sale of 2nd & Charles | Utica, Michigan. This 30,000 SF asset has been 100% occupied by 2nd & Charles since 2016 with unmatched positioning along Hall Road in a major regional retail market servicing the densely populated local community north of downtown Detroit.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,000 SF
Building Class
B
Year Built
1993
Price
$2,500,000
Price Per SF
$83.33
Cap Rate
7.86%
NOI
$196,479
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.41
Lot Size
1.69 AC
Zoning
MXD - MXD - Mixed Use
Parking
80 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
272’ on Utica Park Blvd
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 11-07-35-300-055 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $787,700 |
Property Taxes
Parcel Number
11-07-35-300-055
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$787,700
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