3380 Beecher Rd 5,146 SF 100% Leased Office Building Flint, MI 48532 $700,000 ($136.03/SF) 6.35% 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
Medical
Building Size
5,146 SF
Building Class
B
Year Built
2000
Price
$700,000
Price Per SF
$136.03
Cap Rate
6.35%
NOI
$44,458
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
1 of 1
PROPERTY TAXES
Parcel Number | 07-10-553-018 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $526,900 |