1040 N Towerline Rd - Office FOR SALE


Saginaw, MI 48601
$1,103,200 USD
248-702-0288
1040 N Towerline Rd, Saginaw, MI for Sale
$1,103,200 USD
Office - FOR SALE
1/2
null | 9.5% Cap Rate

1040 N Towerline Rd
Saginaw, MI 48601


HIGHLIGHTS

  • Net Lease Office Investment - 14,519 SF Situated On 3 Acres
  • SCCMHA Is a Local, Independent, Governmental UnitServing Saginaw County | Employs 310+ Staff &Contracts w/ Over 150 Different Organizations
  • Saginaw Is The Largest Municipality In The Saginaw,Midland, and Bay City Metropolitan Area
  • Tenant Recently Completed Interior Renovations &Extended Lease Showing Commitment To Location
  • Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units,Landscaping, Seal & Strip Parking Lot and Alarm System
  • Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years

OVERVIEW

Net Lease Office Investment - 14,519 SF Situated On 3 Acres Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years SCCMHA Is a Local, Independent, Governmental Unit Serving Saginaw County | Employs 310+ Staff & Contracts w/ Over 150 Different Organizations Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area Tenant Recently Completed Interior Renovations & Extended Lease Showing Commitment To Location Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units, Landscaping, Seal & Strip Parking Lot and Alarm System Easy Access To I-75 w/ Five Mile Population Exceeding 51,000

FOR SALE DETAILS

PRICE

$1,103,200 USD

PRICE/SF

$76 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9.50% CAP Saginaw Mental Health

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

3.01 AC

LAND SF

131,116 SF

ZONING

B-3

APN/PARCEL ID

10125223004002

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.