12 Longmeadow Village Dr.

Office for Sale
Catylist Listing ID: 30210495
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 6,064 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $1,300,000
Unit Price: $214.38 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/31/2018

Overview / Comments

100% leased, Class A office asset in Niles, Michigan. The Property is located in the Longmeadow Office Park just off US 31 at the Niles-Buchanan Road exit. Measuring approximately 6,064 SF on 1.5 acres, the building is leased to three credit quality tenants, each with long-term history at the property. Built in 2010, the property is one of few Class A options in the Niles-Buchanan market and is an attractive product for investors seeking investment options in Southwest Michigan. The location is ideal for companies looking for a quality space with quick access to the highway system, and offers relatively quick access to poplar business destinations including: South Bend (9 miles), Kalamazoo (68 miles) Grand Rapids (100 miles), Detroit (190 miles) and Chicago (90 miles) from this location.

Additional Details

Nearest MSA: Niles-Benton Harbor
County: Berrien
Taxing Authority: Niles Township
Tax ID/APN: 1483600005006
Zoning: OS - OFFICE SERVICE
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2010
Construction/Siding: Wood Frame
Exterior Description: Brick / Stone / Wood Siding
Parking Type: Surface
Parking Description: On-site
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: OS - Office Service
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT 5 VILLAGE AT LONG MEADOW SECOND AMENDMENT LIBER 159 PAGE 68

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,337 13,176 37,274
Median Age: 42.84 40.53 40.1
Households: 524 5,454 15,124

Contact

Photograph of Listing Agent

Kara Schroer

NAI Wisinski of West Michigan
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.