Terminal Rd., Lansing
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Terminal Rd., Lansing
2 Properties Offered at $5,165,000 in Lansing, MI
Investment Highlights
- Fully Leased to State of Michigan
- 40,654 SF
- Portfolio includes 5 parcels totaling 2.27 acres
Executive Summary
Martin Commercial Properties is pleased to exclusively offer to qualified investors the opportunity to acquire the 40,654 SF office and warehouse portfolio located at 914 and 1001 Terminal Drive in Lansing, Michigan.
The property is fully leased to the State of Michigan’s Department of Health and Human Services (MDHHS), who has occupied the site for nearly two decades. Specifically, offices of the MDHHS’ Bureau of Emergency Preparedness, Emergency Medical Services (EMS) and Systems of Care are located on-site. The State reaffirmed its long-term commitment to the property two years ago by inking a ten-year lease renewal and investing over $200,000 in improvements within the 1001 building.
The portfolio provides a mission-critical location for the State of Michigan, offering unparalleled connectivity and accessibility. Strategically situated within a cluster of State-occupied buildings, it enhances coordination with key state agencies such as the MDHHS Bureau of Laboratories and the Department of Environment, Great Lakes & Energy (EGLE). This prime positioning ensures seamless interactions and operational efficiency with these essential state entities.
In summary, this investment opportunity is ideal for those seeking a secure and stable return. Fully leased to the State of Michigan, a tenant with an AA+ rating from Fitch, the property promises a strong and reliable income stream for many years to come.
The property is fully leased to the State of Michigan’s Department of Health and Human Services (MDHHS), who has occupied the site for nearly two decades. Specifically, offices of the MDHHS’ Bureau of Emergency Preparedness, Emergency Medical Services (EMS) and Systems of Care are located on-site. The State reaffirmed its long-term commitment to the property two years ago by inking a ten-year lease renewal and investing over $200,000 in improvements within the 1001 building.
The portfolio provides a mission-critical location for the State of Michigan, offering unparalleled connectivity and accessibility. Strategically situated within a cluster of State-occupied buildings, it enhances coordination with key state agencies such as the MDHHS Bureau of Laboratories and the Department of Environment, Great Lakes & Energy (EGLE). This prime positioning ensures seamless interactions and operational efficiency with these essential state entities.
In summary, this investment opportunity is ideal for those seeking a secure and stable return. Fully leased to the State of Michigan, a tenant with an AA+ rating from Fitch, the property promises a strong and reliable income stream for many years to come.
Property Facts
Price | $5,165,000 | Number of Properties | 2 |
Price / SF | $127.09 / SF | Individually For Sale | 0 |
Cap Rate | 8.11% | Total Building Size | 40,641 SF |
Sale Type | Investment | Total Land Area | 2.18 AC |
Status | Active |
Price | $5,165,000 |
Price / SF | $127.09 / SF |
Cap Rate | 8.11% |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 40,641 SF |
Total Land Area | 2.18 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
1001 Terminal Road
1001 Terminal Rd, Lansing, MI 48906 |
Office | 30,696 SF | 1960 | - |
914 Terminal Rd, Lansing, MI 48906 | Industrial | 9,945 SF | 1961 | - |
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Terminal Rd., Lansing
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