1180-1220 Phoenix St - Freestanding FOR SALE
South Haven, MI 49090 |
$3,300,000 USD
248-702-0288
1180-1220 Phoenix St
South Haven, MI 49090
HIGHLIGHTS
- 41,715 Square Foot Building Situated on 7.4 Acres of Land with Ample Parking
- South Haven is a Compact Tourist Destination with a Strong Concentration of Stores, Service Outlets, Educational & Public Facilities, and Restaurants
- New Lease Executed with Verizon | 5-Year Lease with 2.0% Annual Increases | 23 Unit Operator
- Site Offers Low Replaceable Rents | New Verizon Lease is a 71% Increase from Previous Tenant | Upside with the Ability to Push Market Rents
- Minimal Competition for Dunham's | Only National Sporting Goods Retailer for Over 30 Miles
- Majority of Tenants in Occupancy on-site for at Least 15 Years
FOR SALE DETAILS
PRICE
$3,300,000 USD
PRICE/SF
$79 USD /SF
CAP RATE
8.4%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Phoenix Square
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
200
LAND DETAILS
LAND ACRES
7.4 AC
LAND SF
322,344 SF
ZONING
B-4
APN/PARCEL ID
80-53-620-054-00
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248-702-0288
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248-702-0288
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