116 N Main

Office for Sale
Catylist Listing ID: 28784348
Property Subtypes: Governmental, Mixed Use, Net Leased, Office Building
Building Size (RSF): 1,710 SF
Gross Building Area: See Agent
Gross Land Area: 0.15 Acres
Sale Price: $120,000
Unit Price: $70.18 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: US Post Office
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 10/31/2017

Overview / Comments

Great Investment!! Existing US Post Office with lease in place until 2020 - Est 7% Cap - Original Tenant since 1958 - very low maintenance, US Post Office reimbursement of paid taxes

Current Tenants

Tenant Business Name US Post Office
Is Renting? Yes

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Lapeer
Tax ID/APN: 041-501-004-00
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Year Built: 1958
Construction/Siding: Brick
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,697 6,583 12,561
Median Age: 36.83 40.26 41.38
Households: 1,038 2,412 4,487
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