920 N. Fairview Ave, Lansing - Investment Opportunity

Office for Sale
Catylist Listing ID: 30035116
Property Subtypes: Office Building
Building Size (RSF): 9,100 SF
Gross Building Area: See Agent
Gross Land Area: 0.39 Acres
Sale Price: $1,500,000
Unit Price: $164.84 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 11.0%
Last Updated: 6/26/2017

Overview / Comments

Excellent investment opportunity with extremely strong single tenant occupying the entire office building in Lansing Michigan. The property is positioned perfectly between the Lansing Capitol and Michigan State University and also along bus route. Easy access and visibility.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing Charter Township
Tax ID/APN: 33-21-01-11-360-001
Zoning: COMMERCIAL
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1966
Parking Type: Surface
Parking Description: Ample parking
Legal Description: S 130 FT. OF N 150 FT. OF LOTS 115 & 116 HOPWOOD ACRES SUB. NO. 5.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,362 110,948 198,276
Median Age: 31.38 29.37 32.67
Households: 7,268 41,702 78,650

Contact

Photograph of Listing Agent

Steven Millman

NorthStar Commercial LLC

Source

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