100% Leased Office Building

Office for Sale
Catylist Listing ID: 30345888
Property Subtypes: Office Building
Building Size (RSF): 11,996 SF
Gross Land Area: 2.16 Acres
Sale Price: $1,499,500
Unit Price: $125 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/29/2020

Overview / Comments

100% Leased Investment Property.
Close to The Lakes Mall.
Built in 2002.
Parking entrance off Crosswind Dr.
Approx. Cap Rate 8%

Attachments & Media

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Submarket/Township: Other area
Taxing Authority: City of Norton Shores
Tax ID/APN: 61-14-82-006-040
Property Located Between: Sternberg & Pontaluna
Property Visibility: Excellent
Highway Access: US-31 & I96
Site Description: City of Norton Shores Part of NE 1/4 of NE 1/4 Sec 28 T9NR16W DESC AS BEG on E LN SD SEC S 01D 15M 30S W 1106.41 FT From NE SEC COR TH CONT ALG SD SEC LN S 01D 15M 30S W223.33 FT to S LN
Area Description: DIRECTIONS: US-31 to Sternberg Rd., East to Harvey St., South to property.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2002
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,302 25,652 75,267
Median Age: 38.54 41.41 40.13
Households: 1,836 10,313 29,101
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.