2117 Grand River AveLansing, MI 48912
For Sale
$1,017,248
High-yield medical office, 8.75% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- $1,017,248 asking price for a 4,400 SF medical office building in Lansing, MI.
- Net lease investment opportunity with a corporate guarantee from Clarkson Eyecare, a multi-unit operator with 230+ locations.
- 8.75% cap rate with a 3% annual rent increase, providing inflation protection.
- 100% occupancy in a Class B building, built in 1998 (renovated).
- $231.19 price per square foot.
Property Details for 2117 Grand River Ave
- Property type
- Other office properties, Medical offices
- Square Feet
- 4,400 SF
- Class
- B
- Year Built
- 1998
Location Insight
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Latitude
- 42.7436553
- Longitude
- -84.5203647
2117 Grand River Ave, Lansing, Michigan
Nearby Similar for Sale
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