For Sale View Offering Memorandum

Premiere Office Building

1999 Walden Drive, Gaylord, MI 49735

Property Stats

GSF12,456
TypeOffice
Sub-typeOffice Building
Use TypeNot specified
Lot Size263 x 215
MSAGrand Rapids-Wyoming
Year BuiltNot specified

Property Details

Property Description

Cap Rate of 9.5. New 5 year lease recently signed for main floor. Average gross rents are over $119,000 per year. Possible ROI of 22%. Premiere office building in Gaylord Michigan. Gaylord is the Gateway to all of Northern Michigan. North-South, East-West arteries pass through this hub of business, and commerce. The building covers 12,456 Sq. Ft. building across the main floor and full lower level. The main floor has a nice lobby with bathroom, 21 separate offices, a common area, conference room, a kitchenette, and network wiring throughout.

Highlights

  • Excellent location
  • Mechanical room - three boiler system
  • Central air
  • Full basement, walkout
  • Landscaped

Property Map

Additional Info

  • Number of Floors: 2
  • Under Construction: No
  • Building Class: B
  • RSF: Not specified
  • USF: 12,000
  • Acres: 1.80

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.