13260 11 Mile RdWarren, MI 48089
For Sale
$1,455,882
8,250 SF Medical Office, 8.5% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 8,250 SF medical office building on a 1.32-acre lot in Warren, MI.
- 100% occupied by the American Red Cross under a NNN lease with 4.2 years remaining (expiring 1/31/2029), including annual rent increases and two 5-year renewal options.
- Strong NOI of $123,750, resulting in an 8.5% cap rate and a price per square foot of $176.47.
- Asking price: $1,455,882.
- Located near I-696 in Macomb County, MI; APN 12-13-23-226-010.
Property Details for 13260 11 Mile Rd
- Property type
- Other office properties, Medical offices
- Square Feet
- 8,250 SF
- Year Built/Renovated
- 1990/2018
- Lot Size (sq. ft)
- 57,499 SF
Location Insight
- City
- Warren
- County
- Macomb
- State
- Michigan
- Latitude
- 42.49163973991
- Longitude
- -82.990744815976
13260 11 Mile Rd, Warren, Michigan
Nearby Similar for Sale
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