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1701 Lake Lansing Rd 16,406 SF 100% Leased Office Building Lansing, MI 48912 $2,497,716 CAD ($152.24 CAD/SF)
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer investors the opportunity to acquire the fee-simple interest in 1701 Lake Lansing Road. 1701 Lake Lansing Road is an 11,944-sq.-ft., multi-tenant office building situated within a bustling commercial district in northeast Lansing, Michigan. The meticulously maintained three-tenant building is 100% leased and 70.8% occupied. The 3,108 sq. ft. of grey space is leased until the end of February 2027, which provides investors an outstanding opportunity to purchase an attractive asset with strong existing cash flow and the ability to add value through the reletting of the vacant space, steadily growing the NOI over time.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
16,406 SF
Building Class
B
Year Built
1993
Price
$2,497,716 CAD
Price Per SF
$152.24 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,203 SF
Building FAR
0.29
Lot Size
1.30 AC
Zoning
F Comm - Commercial Use
Parking
90 Spaces (5.49 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
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1701 Lake Lansing Rd
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