Premiere Office Building
1999 Walden Drive, Gaylord, MI 49735
|Use Type||Not specified|
|Lot Size||263 x 215|
|Year Built||Not specified|
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.
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.