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Weir Block Building 58540 Van Dyke Ave 7,512 SF 100% Leased Office Building Washington, MI 48094 $975,000 ($129.79/SF) 8.91% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Office Building With Elevator Access
- Completely Renovated - All New Building Mechanicals Systems, Roof, and Parking Lot
- Ample Parking - Extra Parking Agreement In Place
- 100% Occupied Investment Sale - 8.91% CAP Rate
- Heated Sidewalks and Patio - Low Maintenance Snow Removal
- Land Contract Terms Available
EXECUTIVE SUMMARY
100% Occupied Investment Sale. Premier Office Building with Elevator. Building brought down to the studs and redeveloped in 2000. All new building mechanical systems, roof and parking lot. Low maintenance building – heated sidewalks and patio. Extra parking agreement in place to provide an addition 60+/- parking spaces. Prime location near M-53.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,512 SF
Building Class
B
Year Built
1900
Price
$975,000
Price Per SF
$129.79
Cap Rate
8.91%
NOI
$86,900
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,504 SF
Slab To Slab
10’
Building FAR
0.78
Lot Size
0.22 AC
Zoning
V1 - Commercial, Office
Parking
100 Spaces (13.31 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Wheelchair Accessible
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PROPERTY TAXES
| Parcel Number | 24-04-34-151-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $420,300 |
PROPERTY TAXES
Parcel Number
24-04-34-151-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$420,300
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Weir Block Building | 58540 Van Dyke Ave
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