3380 Beecher Rd
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3380 Beecher Rd
5,146 SF 100% Leased Office Building Flint, MI 48532 $700,000 ($136/SF) 7.42% Cap Rate
Investment Highlights
- Surrounding healthcare ecosystem: This property is located within proximity to other medical and dental offices, pharmacies, banks, hospitals and home
- Highly desirable location just 2 miles from I-75 and 1 mile from McClaren Medical Centre which provides fast access to surrounding areas.
- Private backyard space which could be used for a playgroup or therapy area.
- Each unit has its own: reception room, waiting area/lobby, public restroom, Main office, main office with private restroom, Breakroom
Executive Summary
This fully leased multi-tenant property is available on the highly coveted office/medical strip of Flint Township. With over 5,109 sqft in space, this property boasts 3 suites.
Each unit has its own:
reception room
waiting area/lobby
public restroom
Main office
main office with private restroom
Breakroom
Privacy and parking on this property is plus as the very private backyard space can be used for a therapy area or a playgroup. It is also handicap accessible with a large foyer for waiting outside the main office while still being inside the building.
Highlights
Surrounding healthcare ecosystem: This property is located within proximity to other medical and dental offices, pharmacies, banks, hospitals and homes.
Private backyard space which could be used for a playgroup or therapy area.
Highly desirable location just 2 miles from I-75 and 1 mile from McClaren Medical Centre which provides fast access to surrounding areas.
The building architecture has 5,100 sqft of space with 3 fully leased just near/under 2,000 sqft. each
All tenants operate within a NNN lease structure.
6.11% CAP rate
Each unit has its own:
reception room
waiting area/lobby
public restroom
Main office
main office with private restroom
Breakroom
Privacy and parking on this property is plus as the very private backyard space can be used for a therapy area or a playgroup. It is also handicap accessible with a large foyer for waiting outside the main office while still being inside the building.
Highlights
Surrounding healthcare ecosystem: This property is located within proximity to other medical and dental offices, pharmacies, banks, hospitals and homes.
Private backyard space which could be used for a playgroup or therapy area.
Highly desirable location just 2 miles from I-75 and 1 mile from McClaren Medical Centre which provides fast access to surrounding areas.
The building architecture has 5,100 sqft of space with 3 fully leased just near/under 2,000 sqft. each
All tenants operate within a NNN lease structure.
6.11% CAP rate
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Property Subtype
Building Size
5,146 SF
Building Class
B
Year Built
2000
Price
$700,000
Price Per SF
$136
Cap Rate
7.42%
NOI
$51,935
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,146 SF
Building FAR
0.13
Lot Size
0.91 AC
Zoning
CM - General commercial Zoning
Parking
38 Spaces (7.38 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 07-10-553-018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $526,900 |
PROPERTY TAXES
Parcel Number
07-10-553-018
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$526,900
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3380 Beecher Rd
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