1040 N Towerline Rd
Saginaw, MI 48601

9.50% CAP Saginaw Mental Health · Office Property For Sale

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
14,519 SF
Building Class
B
Year Built
2001
Price
$1,103,200
Price Per SF
$76
Cap Rate
9.50%
NOI
$104,808
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,519 SF
Building FAR
0.11
Lot Size
3.01 AC
Zoning
B-3 - General Commercial
Parking
77 Spaces (5.3 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Central Heating
  • Air Conditioning
  • Listing ID: 24099303

  • Date on Market: 9/15/2021

  • Last Updated:

  • Address: 1040 N Towerline Rd, Saginaw, MI 48601