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Chase Building 53425-53445 Grand River Ave 4,690 SF 100% Leased Office Building New Hudson, MI 48165 $1,490,000 ($317.70/SF) 7.36% Cap Rate
Investment Highlights
- 100% Occupied
- National Tenants: Nucor Corporation & LifeStance Health
- 4,690 SF of basement space that can be utilize
- Established Tenant Mix
- Recent site/building improvements made in 2023
Executive Summary
MEDICAL / OFFICE INVESTMENT
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,690 SF
Building Class
C
Year Built
1955
Price
$1,490,000
Price Per SF
$317.70
Cap Rate
7.36%
NOI
$109,611
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,690 SF
Building FAR
0.06
Lot Size
1.92 AC
Zoning
B-3 - General Business
Parking
46 Spaces (7 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 21-11-276-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $402,040 |
Property Taxes
Parcel Number
21-11-276-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$402,040
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Chase Building | 53425-53445 Grand River Ave
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