Building For Sale in Gateway Centre

Office for Sale
Catylist Listing ID: 531159
Property Subtypes: Net Leased
Building Size (RSF): 5,000 SF
Sale Price: $975,000
Unit Price: $195 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 11/21/2017

Overview / Comments

Office Building with strong tenant, 100% occupied with 4 years remaining on current lease. Great income producing property. Join high profile companies such as Cardiology Institute of Michigan, Holiday Inn - Gateway Centre, C.H. Robinson, Lewis & Knopf, CPA's and Genesee County's number 1 restaurant The Redwood Lodge.

Additional Details

Nearest MSA: Flint
County: Genesee
Tax ID/APN: 15-02-677-005
Property Located Between: Off Hill Road between US-23 and I-75
Road Type: Paved
Property Visibility: Excellent
Highway Access: Just off US-23 and 10 minutes to both I-75 and I-69
Airports: 10 minutes to Bishop International Airport
Site Description: The office condos are located in Gateway Centre just off Hill Road at the junction of US-23 and I-75
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2004
Year Renovated: 2008
Roof Type: Flat
Construction/Siding: Curtain, Steel Frame, Other
Heat Source: Other
Air Conditioning: Engineered System
Internet Access: T1/T3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,670 45,671 115,970
Median Age: 40.73 37.02 37.2
Households: 1,226 19,241 48,163
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