Hartland Medical Investment Building
Office
for Sale
| Catylist Listing ID: |
30737392 |
| Property Subtypes: |
Medical
|
| Condo? |
Yes |
| Building Size (RSF): |
7,753 SF
|
| Gross Building Area: |
11,000 SF |
| Sale Price: |
$1,750,000 |
| Ceiling: |
9 ft. |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Hartland Millennium Center |
| Class of Space: |
Class A |
| Usable Size (USF): |
7,753 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.0% |
| Average Occupancy Rate: |
90 |
| Last Updated: |
5/22/2023 |
Overview / Comments
|
Three Medical Condominium Units in a Building that has 4 Condo units. This is in the Hartland Millennium Center 1/2 Mile East of US-23 on M-59 which consists of Three Free standing Medical Buildings, of which these units are in one. All three units have solid Medical Leases with end dates 2021-2025 with extension options. Financial details to be provided upon signing Confidentiality Agreement in advance. Cap rate on the three units is 8%. All units are occupied, great investment opportunity in an established development.
|
Additional Details
| Nearest MSA: |
Detroit-Warren-Dearborn |
| County: |
Livingston |
| Submarket/Township: |
Howell/Brighton Area |
| Taxing Authority: |
Hartland Township |
| Tax ID/APN: |
0822305004 |
| Is Condo?: |
Yes |
| Zoning: |
COMMERCIAL |
| Property Located Between: |
1/2 Mile East of US-23 on M-59(Highland Rd.) |
| Property Visibility: |
Excellent |
| Highway Access: |
.5 miles to US-23 |
| Site Description: |
Part of a 3 building Development called Hartland Millennium Center all medical uses with a great mix. Physical Therapy, Optometrist, Chiropractor, Dentist, General Practitioner, DMC, Autistic Therapy |
| Area Description: |
Rural area fast developing |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
3,000 SF |
| Year Built: |
2005 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
All brick one story |
| Parking Type: |
Structure |
| Parking Description: |
Loads of parking shared by three building, never full |
| Total Parking Spaces: |
40 |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable |
| Interior Description: |
Large Central waiting area for all units to use, w/bathrooms |
| Zoning Description: |
Commercial |
| Lot Frontage: |
150 |
| Lot Depth: |
200 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Private |
| Legal Description: |
Hartland Center Office Condo Site 1,3,4 Split on 3/3/2006 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
16,498 |
41,175 |
| Median Age: |
40 |
41.11 |
| Households: |
5,824 |
14,652 |
|
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|
