Catylist ID:
#30818571
| Catylist Listing ID: | 30818571 |
| Property Subtypes: | Medical, Office Building |
| Building Size (RSF): | 21,703 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 2.91 Acres |
| Sale Price: | $1,900,000 |
| Unit Price: | $87.55 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Provincial Office Plaza |
| Class of Space: | Class C |
| Sale Terms: | Undisclosed |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/22/2023 |
Overview / Comments
|
• ± 21,703 SF medical office building located in densely populated Warren community • 100% occupied • Value-add opportunity - under market lease rates • Ideal owner/user investment - 5,159 SF suite currently on a month-to-month lease • Single-story office building with private exterior entrances and in-suite restrooms • Occupied by a diverse mix of medical tenants including cardiovascular health, obstetrics and gynecology, hypertension nephrology, and counseling services • Proximity to St. John Macomb Hospital • Located in the 3rd most populated city in Michigan surrounded by major employers such as General Motors, FCA, US Army Detroit Arsenal, TACOM, and others • Professionally managed and well-maintained • Close access to I-696, I-94, and M-53 expressways • For Sale Price $1,900,000 |
Attachments & Media
Additional Details
| Nearest MSA: | Detroit-Warren-Dearborn |
| County: | Macomb |
| Submarket/Township: | Macomb West |
| Tax ID/APN: | 12-13-01-376-033 |
| Zoning: | OFFICE DISTRICT |
| Property Visibility: | Excellent |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Year Built: | 1984 |
| Construction/Siding: | Brick |
| Parking Ratio: | 7.3 (per 1000 SF) |
| Parking Type: | Surface |
| Total Parking Spaces: | 159 |
| Zoning Description: | Office District |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 21,740 | 143,669 | 403,013 |
| Median Age: | 43.17 | 41.77 | 40.31 |
| Households: | 8,948 | 59,879 | 162,428 |
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