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1040 N Towerline Rd
Saginaw, MI 48601
9.50% CAP Saginaw Mental Health · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Net Lease Office Investment - 14,519 SF Situated On 3 Acres
- Saginaw Is The Largest Municipality In The Saginaw,Midland, and Bay City Metropolitan Area
- Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units,Landscaping, Seal & Strip Parking Lot and Alarm System
- SCCMHA Is a Local, Independent, Governmental UnitServing Saginaw County | Employs 310+ Staff &Contracts w/ Over 150 Different Organizations
- Tenant Recently Completed Interior Renovations &Extended Lease Showing Commitment To Location
- Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years
EXECUTIVE SUMMARY
Net Lease Office Investment - 14,519 SF Situated On 3 Acres
Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years
SCCMHA Is a Local, Independent, Governmental Unit Serving Saginaw County | Employs 310+ Staff & Contracts w/ Over 150 Different Organizations
Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area
Tenant Recently Completed Interior Renovations & Extended Lease Showing Commitment To Location
Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units, Landscaping, Seal & Strip Parking Lot and Alarm System
Easy Access To I-75 w/ Five Mile Population Exceeding 51,000
Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years
SCCMHA Is a Local, Independent, Governmental Unit Serving Saginaw County | Employs 310+ Staff & Contracts w/ Over 150 Different Organizations
Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area
Tenant Recently Completed Interior Renovations & Extended Lease Showing Commitment To Location
Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - New HVAC Units, Landscaping, Seal & Strip Parking Lot and Alarm System
Easy Access To I-75 w/ Five Mile Population Exceeding 51,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
14,519 SF
Building Class
B
Year Built
2001
Price
$1,539,979 CAD
Price Per SF
$106.07 CAD
Cap Rate
9.50%
NOI
$146,304 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,519 SF
Building FAR
0.11
Lot Size
3.01 AC
Zoning
B-3 - General Commercial
Parking
77 Spaces (5.3 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Central Heating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 10125223004002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $716,945 CAD |
PROPERTY TAXES
Parcel Number
10125223004002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$716,945 CAD
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