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48701 Van Dyke Ave 6,514 SF 100% Leased Office Building Shelby Township, MI 48317 $1,505,311 CAD ($231.09 CAD/SF) 7.20% Cap Rate
Investment Highlights
- Property is in excellent condition with minimal deferred maintenance, ideal for passive investors.
- Additional Residential Lot behind property also available at additional price.
- High-traffic location with easy access to major roads and highways.
Executive Summary
Fully Stabilized Asset: Consistently leased to reputable office/medical professionals, providing strong and predictable cash flow. Recent Capital Improvements include: new parking lot with ample capacity, updated monument signage for enhanced visibility and tenant branding, well-maintained roof and mechanical systems.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,514 SF
Building Class
B
Year Built
1978
Price
$1,505,311 CAD
Price Per SF
$231.09 CAD
Cap Rate
7.20%
NOI
$108,382 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,514 SF
Building FAR
0.16
Lot Size
0.96 AC
Zoning
C1 - commercial
Parking
40 Spaces (6.14 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 23-07-28-227-037 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $369,709 CAD |
Property Taxes
Parcel Number
23-07-28-227-037
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$369,709 CAD
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48701 Van Dyke Ave
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