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720 W Wackerly St 14,613 SF 91% Leased Office Building Midland, MI 48640 $999,750 ($68.42/SF) 10.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Close proximity to Hwy 10.
- Recently painted and parking lot redone.
EXECUTIVE SUMMARY
Investment opportunity in Midland, 90.9% occupied, one space left available. With full occupancy, this value-add opportunity can reach up to an 8.5% cap rate.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,613 SF
Building Class
C
Year Built
1975
Price
$999,750
Price Per SF
$68.42
Cap Rate
10.50%
NOI
$105,000
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,210 SF
Building FAR
0.23
Lot Size
1.45 AC
Zoning
OS - Commercial Zoned District
Parking
70 Spaces (5.64 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
$1400 Per Month Gross
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,325 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 1,325 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 1,325 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$1400 Per Month Gross
1 1
PROPERTY TAXES
| Parcel Number | 11-33-40-016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $495,100 |
PROPERTY TAXES
Parcel Number
11-33-40-016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$495,100
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720 W Wackerly St
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