Mavericks Landing | 2218-2258 S Milford Rd
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Mavericks Landing 2218-2258 S Milford Rd
17,840 SF 100% Leased Retail Building Highland, MI 48357 $3,480,000 ($195/SF) 6.26% Cap Rate
Investment Highlights
- Tenants include Leo’s Coney Island, Tropical Smoothie, Cottage Inn Pizza and more.
- Contact broker for more information.
- 17,840 SF building situated on 4.71 AC.
Executive Summary
Prime location right off Milford Rd in close proximity to nearby amenities, housing and directly in front of Milford High School. Very well maintained center with ample parking. 100% occupied all leases are NNN with low rental rates.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,840 SF
Building Class
B
Year Built
1998
Price
$3,480,000
Price Per SF
$195
Cap Rate
6.26%
NOI
$218,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
4.71 AC
Zoning
BI
Parking
105 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
421 FT on Milford Rd
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 11-34-101-022 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $734,340 |
PROPERTY TAXES
Parcel Number
11-34-101-022
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$734,340
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Mavericks Landing | 2218-2258 S Milford Rd
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