Bueche Shopping Center 3 Retail Properties Offered at $5,529,000 in Flushing, MI
INVESTMENT HIGHLIGHTS
- Substantially leased with good surface parking
- Part of the Central Business District
- Limited competition - main competitor other side of town
- On primary roadway with good visibility and beautiful setting
- Great condition and looks new
- Near major traffic carriers- I-75, I-69, M-21 (Corunna Road)
EXECUTIVE SUMMARY
Sale of a 67,248 square foot grocery anchored multi-tenant retail shopping center with a good tenant mix. The land-to-building ratio is 5.45 to one. The site is improved with a retail shopping center (3 buildings) asphalt paved drives and parking for 339 vehicles (5.04 spaces per 1000 sq ft). Minimal but mature landscaping. Zoned CBD, Central Business District which would support municipal, retail, office, medical, dental restaurants, and bars. Flat roof with metal framing covered with metal decking, rigid insulation, and rubberized membrane. Gas-fired packaged HVAC units on the roof.
PROPERTY FACTS
| Price | $5,529,000 |
| Price / SF | $61.24 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.51% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 3 |
| Individually For Sale | 1 |
| Total Building Size | 90,288 SF |
| Total Land Area | 25.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 300 W Main St, Flushing, MI 48433 | Retail | 67,248 SF | 2004 | $5,529,000 |
| 250 W Main St, Flushing, MI 48433 | Retail | 2,554 SF | 2004 | - |
| 218-240 W Main St, Flushing, MI 48433 | Retail | 20,486 SF | 2005 | - |
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