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117 W 4th St 15,000 SF 67% Leased Office Building Royal Oak, MI 48067 $6,949,500 CAD ($463.30 CAD/SF) 6.83% Cap Rate
Investment Highlights
- Prime Location in Downtown Royal Oak, MI
- High-Quality Finishes and Fixtures
- Close Proximity to Dining and Amenities
- Accessible Elevator for Tenant Convenience
- Ample Area Parking for Employees and Clients
Executive Summary
Fully Occupied Building.
Two Office Tenants and Two Retail Tenants
Two Office Tenants and Two Retail Tenants
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
1922/2004
Price
$6,949,500 CAD
Price Per SF
$463.30 CAD
Cap Rate
6.83%
NOI
$474,876 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,000 SF
Building FAR
2.37
Lot Size
0.15 AC
Zoning
CBD - Central Business District
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Exceptionally walkable
90/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-21-239-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,689,094 CAD |
Property Taxes
Parcel Number
25-21-239-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,689,094 CAD
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117 W 4th St
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