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723 US Highway 27 N - Heritage 16,899 SF Specialty Building Offered at $4,310,672 at a 7.75% Cap Rate in Marshall, MI 49068
Investment Highlights
- Strong Corporate Guarantee
- Affluent Community
- Strong Academic Presence
- Annual Rent Increases
- Proximity to Major Interstate
- Ford's BlueOval Battery Park Michigan
Executive Summary
Surmount is pleased to present the exclusive listing for a Heritage located at 723 US Highway 27 N, Marshall, MI 49068. The site consists of roughly 16,899 rentable square feet of building space on an estimated 5-acre parcel of land. Heritage is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2021. The current annual rent is $334,077 and has scheduled increases of 1.50% Annually.
Property Facts
| Price | $4,310,672 | Lot Size | 5.00 AC |
| Price Per SF | $255.08 | Building Size | 16,899 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.75% | Year Built | 2009 |
| Property Type | Specialty |
| Price | $4,310,672 |
| Price Per SF | $255.08 |
| Sale Type | Investment NNN |
| Cap Rate | 7.75% |
| Property Type | Specialty |
| Lot Size | 5.00 AC |
| Building Size | 16,899 SF |
| No. Stories | 1 |
| Year Built | 2009 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 53-232-009-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,152,200 |
Property Taxes
Parcel Number
53-232-009-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,152,200
Contacts
-
Alexandre Marietto -
Kyle Karsian -
Joseph Kelly -
Glen Kunofsky -
Christopher Marks -
Surmount
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