Provincial Office Plaza

Office for Sale
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

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 12-13-01-376-033
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

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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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