31930 Grand River Ave - Medical FOR SALE
Farmington, MI 48336 |
$867,143 USD
773-219-0964
31930 Grand River Ave
Farmington, MI 48336
HIGHLIGHTS
- Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
- Retail Corridor – This office is placed between several shopping and strip centers filled with national tenants such as Starbucks, Target, Subway, Wen
- Scheduled Rental Increases – 3.00% annual rental increases provide a future owner a boost in cash flow and return on their investment,
- Recent Practice Acquisition – Guardian recently acquired the practice in 2023 and signed a long term lease, highlighting their long-term commitment
- Strong Demographics – The site is favorably located in a wealthy and heavily populated area with over 208,479 residents in a 5-mile radius
- Passive Investment Opportunity – This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset with minimal landlor
FOR SALE DETAILS
PRICE
$867,143 USD
PRICE/SF
$325 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
GUARDIAN DENTISTRY PARTNERS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1991
SPRINKLERS
-
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.32 AC
LAND SF
13,939 SF
ZONING
BI
APN/PARCEL ID
23-27-403-137
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
773-219-0964
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
773-219-0964
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
