OFFICE PROPERTY FOR SALE Excellent Medical/Office ......OFFICE PROPERTY FOR SALE 43050 FORD ROAD,...
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OFFICE PROPERTY FOR SALE Excellent Medical/Office Investment Opportunity in Canton - 100% Leased 43050 FORD ROAD CANTON, MI 48187 Excellent location seconds from I-275 Attractive courtyard suite entrance Ample, well-lit parking Main road signage and exposure
Transcript of OFFICE PROPERTY FOR SALE Excellent Medical/Office ......OFFICE PROPERTY FOR SALE 43050 FORD ROAD,...
OFFICE PROPERTY FOR SALE
Excellent Medical/Office InvestmentOpportunity in Canton - 100% Leased
43050 FORD ROADCANTON, MI 48187
Excellent location seconds from I-275
Attractive courtyard suite entrance
Ample, well-lit parking
Main road signage and exposure
O F F I C E P R O P E R T Y F O R S A L E
43050 FORD ROAD, CANTON, MI // EXECUTIVE SUMMARY
PHILLIP J. MYERS Senior Associate
RENÉE DE SPELDER Senior [email protected] (P) 248.281.9903 (C) 248.770.3799
[email protected] (P) 248.358.0100 (C) 586.242.4047
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
26555 Evergreen Road, Suite 1500 • Southfield, MI 48076
PROPERTY OVERVIEW
Excellent opportunity to purchase a 100% leased investment opportunity in the heart ofCanton. 15,991 sf office/medical building in a well-established complex and location.New roof and parking lot. Direct tenant suite entrances.
Strong tenant base with long-term NNN leases in place. Currently at 8% cap rate withadditional income potential. Seconds from I-275, IKEA, amongst other nationalshopping, retail, medical and offices.
PROPERTY HIGHLIGHTS
• Excellent location seconds from I-275
• Attractive courtyard suite entrance
• Ample, well-lit parking
• Main road signage and exposure
OFFERING SUMMARY
Sale Price: $2,650,000
Price / SF: $166.55
Cap Rate: 8.06%
NOI: $213,678
Lot Size: 1.82 Acres
Year Built: 1970
Building Size: 15,911 SF
Zoning: Office
PHILLIP J. MYERS Senior Associate
RENÉE DE SPELDER Senior [email protected] (P) 248.281.9903 (C) 248.770.3799
[email protected] (P) 248.358.0100 (C) 586.242.4047
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
26555 Evergreen Road, Suite 1500 • Southfield, MI 48076
INVESTMENT OVERVIEW
Price $2,650,000
Price per SF $166.55
CAP Rate 8.1%
Cash-on-Cash Return (yr 1) 8.06 %
Total Return (yr 1) $213,678
OPERATING DATA
Gross Income $293,937
Operating Expenses $80,259
Net Operating Income $213,678
O F F I C E P R O P E R T Y F O R S A L E
43050 FORD ROAD, CANTON, MI // FINANCIAL SUMMARY
PHILLIP J. MYERS Senior Associate
RENÉE DE SPELDER Senior [email protected] (P) 248.281.9903 (C) 248.770.3799
[email protected] (P) 248.358.0100 (C) 586.242.4047
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
26555 Evergreen Road, Suite 1500 • Southfield, MI 48076
O F F I C E P R O P E R T Y F O R S A L E
43050 FORD ROAD, CANTON, MI // FLOOR PLAN/AERIAL
PHILLIP J. MYERS Senior Associate
RENÉE DE SPELDER Senior [email protected] (P) 248.281.9903 (C) 248.770.3799
[email protected] (P) 248.358.0100 (C) 586.242.4047
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
26555 Evergreen Road, Suite 1500 • Southfield, MI 48076
* Demographic data derived from 2010 US Census
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 13,756 92,230 204,578
MEDIAN AGE 37.0 36.7 37.9
MEDIAN AGE (MALE) 35.8 35.7 36.9
MEDIAN AGE (FEMALE) 38.2 37.4 38.7
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 5,070 33,886 77,855
# OF PERSONS PER HH 2.7 2.7 2.6
AVERAGE HH INCOME $76,356 $82,481 $83,018
AVERAGE HOUSE VALUE $193,371 $215,891 $236,884
O F F I C E P R O P E R T Y F O R S A L E
43050 FORD ROAD, CANTON, MI // DEMOGRAPHICS MAP
PHILLIP J. MYERS Senior Associate
RENÉE DE SPELDER Senior [email protected] (P) 248.281.9903 (C) 248.770.3799
[email protected] (P) 248.358.0100 (C) 586.242.4047
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
26555 Evergreen Road, Suite 1500 • Southfield, MI 48076
O F F I C E P R O P E R T Y F O R S A L E
43050 FORD ROAD, CANTON, MI // LOCATION MAPS
PHILLIP J. MYERS Senior Associate
RENÉE DE SPELDER Senior [email protected] (P) 248.281.9903 (C) 248.770.3799
[email protected] (P) 248.358.0100 (C) 586.242.4047
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction
26555 Evergreen Road, Suite 1500 • Southfield, MI 48076
O F F I C E P R O P E R T Y F O R S A L E
43050 FORD ROAD, CANTON, MI // AERIAL MAP
