15 Oak Square

Retail-Commercial for Sale
Catylist Listing ID: 30818702
Property Subtypes: Street Retail
Building Size (RSF): 72,653 SF
Gross Building Area: See Agent
Sale Price: $8,535,000
Unit Price: $117.48 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Average Occupancy Rate: 95
Last Updated: 11/11/2022

Overview / Comments

Grocery Anchored with national retailers and a good tenant mix
Substantially leased with good surface parking
On primary roadway with good visibility
No substantial immediate area competition
Growing upscale area with new $4 biliion GM Lake Orion plant

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Tax ID/APN: 1
Zoning: B-2, COMMUNITY BUSINESS DISTRICT
Year Built: 1992
Zoning Description: B-2, Community Business District

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,673 27,951
Median Age: 42.16 41.25
Households: 3,700 9,842
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