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Fresenius Dialysis & US Social Security: |
Description:
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Fresenius Dialysis & US Social Security
: $
3,500,000
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Address: |
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9300 Conant
Hamtramck, MI 48212 |
Description: |
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Marcus & Millichap is pleased to present this 17,000-square foot investment opportunity located in Hamtramck, Michigan. This attractive office building, located on Conant Street in bustling Hamtramck, is leased to two truly recession resistant tenants.
The United States Social Security Administration occupies approximately 7,224 Square Feet and Fresenius Medical Care occupies approximately 9,276 Square Feet of space at the other end of the building. There is an additional 500 square foot vacant suite in the middle of the building that provides an owner with lease up potential.
This attractive single-story brick building is located on the hard corner of Conant and Holbrook in the heart of bustling Hamtramck. The property has excellent frontage and access on Conant and is surrounded by a densely populated residential neighborhood. Additionally, the Saint Joseph Mercy Elderly Home is located directly across the street, which supports the tenancy.
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Highlights: |
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Stable Investment: GSA and Dialysis Tenants Generally Stay at a Facility for 20+ Years
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U.S. Federal Government Credit - Highest Quality Credit Available in an Investment
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Fresenius is Rated BB by Standard and Poor's and Ba1 by Moody's
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Extremely Attractive Newer Construction Single-Story Building with Excellent Access to Public Transportation as well as the Area's Freeways
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41% of Hamtramck's Population is Foreign Born - Michigan's Most Internationally Diverse City
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Belle Mead Shopping Center: |
Description:
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Belle Mead Shopping Center
: $
1,500,000
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Address: |
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8443 Davison Road
Davison, MI 48423 |
Description: |
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Marcus & Millichap is pleased to offer Belle Mead Shopping Center located in Davison, Michigan. The property is anchored by Family Dollar and shadow anchored by Gillroy's Hardware (Do-It Center).
Investors can acquire a stable asset with strong cash flow, excellent historical occupancy and long-term appreciation potential. Belle Mead Shopping Center is located on Davison Road just east of Irish Road near the Interstate 69 entrance/exit ramps.
All tenants are on double net leases and reimburse pro rata share of taxes, insurance, and CAM (Landlord responsible for roof and structure).
The 40,995-square foot shopping center is currently 85 percent occupied with a diverse local and regional tenant base including Family Dollar, Fantastic Sam's, Allstate, Curves for Women, Doogies Dollar Super Center and Jumbo Video.
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Highlights: |
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Family Dollar Anchor and Gillroy's Hardware Shadow Anchor
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Neighbored by Brand New Vg's and Credit Union
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Growing Suburban Area with Multiple Residential Construction Projects in the Immediate Area
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Extremely Low Price per Square Foot- Excellent Upside in the Leasing of the Vacant Space
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Well Located Along Davison Road with Easy Access to Interstate 69
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Ohio Commerce Center: |
Description:
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Ohio Commerce Center
: $
4,750,000
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Address: |
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5232 Tod Avenue Southwest
Warren, OH 44481 |
Description: |
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Ohio Commerce Center, a 1,491,859-square foot manufacturing and warehouse complex is located along Tod Avenue Southwest (State Highway 45) in Warren, Ohio. This manufacturing and warehouse complex is comprised of nine warehouses, eight pads, and three buildings and is situated on 476.22 acres. Ohio Commerce Center offers a 150 clear height, 20 x 20 column spacing, and a total of 100 truck plus height doors, and over 20 grade level doors. The property offers 10,000 free surface parking spaces and rail access via rail carrier CSX. Ohio Commerce Center is well located in the Youngstown/Warren/Boardman submarket, with easy access to Interstate-80 and Interstate-76 and only thirty minutes away from the Youngstown-Warren Regional Airport. Ohio Commerce Center is a former military installation that has been converted into a functional industrial park with onsite property management, maintenance, and public warehouse services. The property handles a variety of products such as appliances, building supplies, consumer and industrial goods, packaging supplies, paper products, toys, and lumber. Individual 172,800-square foot buildings have been divided into 43,200 square foot sections. Some sections have been further divided to accommodate tenants as small as 10,000 square feet.
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Highlights: |
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Former Military Installation that has Been Converted into a Functional Industrial Park
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Located Along Tod Avenue Southwest (State Highway 45) with Easy Access to Interstate-80 and Interstate-76 Only Thirty Minutes Away From the Youngstown-Warren Regional Airport
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Comprised of Nine Warehouses, Eight Pads, and Three Buildings Situated on 476.22 Acres
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Ohio Commerce Center Offers a 150 Clear Height, and a Total of 100 Plus Truck Height, and 20 Plus Grade Level Doors
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Amenities Include On-site Property Management, 10,000 Free Surface Parking Spaces, and Rail Access via Rail Carrier CSX
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DaVita Southwest Ohio Dialysis: |
Description:
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DaVita Southwest Ohio Dialysis
: $
799,000
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Address: |
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1210 Hicks Boulevard
Fairfield, OH 45014 |
Description: |
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Marcus & Millichap is pleased to present the 7,000-square foot net-leased DaVita Dialysis facility located in Fairfield, Ohio. This facility is an attractive single-story facility located on Hicks Boulevard in Fairfield, within minutes of Interstate 275 and near the Hicks Manor Shopping Center. This 14-unit dialysis facility provides acute renal treatment to patients in Fairfield and Metro Cincinnati Area. The need for dialysis care is growing at an alarming rate. From 1984-2001, total dialysis patients grew over 360 percent. Growth in rural markets has been 25-30 percent higher than in the overall industry and the total patient count could double in 10 years. Predictors of this continued growth include the aging population, lower mortality rates, earlier intervention and improving access to care. The lease is guaranteed by DVA Healthcare-Southwest Ohio, LLC, a wholly owned subsidiary of DaVita, Incorporated. The lease is triple-net in nature and has two five-year option terms to renew.
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Highlights: |
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Single-Tenant, Triple Net Lease, 14-Station Renal Life Link Treatment Center (7,000 Square Feet)
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DaVita is Rated BB- by Standard & Poor's
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From 1984-2001, Total Dialysis Patients Have Grown Over 360 Percent
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Recession Resistant Medical Tenant Located in Metropolitan Cincinnati
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Below Market Rents - Increases the Likelihood of Renewal and Potential Upside for an Owner
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Birmingham Tower: |
Description:
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Birmingham Tower
: $
16,350,000
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Address: |
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280 North Old Woodward Avenue
Birmingham, MI 48009 |
Description: |
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Marcus & Millichap is pleased to offer for sale a signature office building in one of the most affluent and coveted communities in southeastern Michigan.
Located in Birmingham, this five-story office building is 85,531 square feet and boasts occupancy of 94 percent. The anchor tenant (26 percent of total square feet) has four years remaining on their lease. The property has a strong history of high occupancy. The building is well located near all shopping, dining, entertainment, and lodging.
Birmingham, a walkable community, has exceptional demographics with an average household income above $100,000. Birmingham is located in Oakland County, one of the wealthiest counties in the nation. Additionally, Birmingham is centrally located to many of the most desirable bedroom communities in southeastern Michigan.
The building has undergone renovations including the lobby area, facade, and conference room facilities. With a diverse tenant base, an owner does not have significant exposure from tenancy rollover.
This is an excellent opportunity to purchase a stable, long-term, consistent asset in a very desirable community.
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Highlights: |
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Five-Story Office Building Situated on 0.75 Acres in Downtown Birmingham
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Building has Undergone Renovations Including New Lobby Spaces, New Granite Facade, and State-of-the-Art 75-Person Conference Facility
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Exceptional Demographics - Average Household Income Above $100,000
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Only Minutes from Five Major Parking Structures
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Well Located Near Shopping, Dining, Entertainment, and Lodging
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Jimmy Johns: |
Description:
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Jimmy Johns
: $
575,000
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Address: |
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1535 East Twelve Mile Road
Madison Heights, MI 48071 |
Description: |
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Marcus & Millichap is pleased to present the 1,540 -square foot, free standing Jimmy John's sale-leaseback located in Madison Heights, Michigan.
The subject property, which was built-to-suit in 2009 for Jimmy John's, is occupied by an experienced and successful 21-unit operator, CWL Investments. This particular store did close to $900,000 in sales during it's first year of operation and is well positioned on busy Twelve Mile Road.
Established in 1983 and headquartered in Champaign, Illinois, Jimmy John's has grown close to almost 1,000 stores nationwide and is an extremely popular fresh and quick fast food option. CWL Investments, the 21-unit operator that operates the Madison Heights location, is one of the largest Jimmy John's franchisees in the country.
At the close of escrow, CWL Investments will sign a 10-year absolute NNN lease with increases. The lease also includes four, five-year options to renew. They will be responsible for all property taxes, common area maintenance and insurance, in addition to all of the capital repair items including roof, structure and parking lot. This allows for an absolute zero management deal.
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Highlights: |
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Attractive Brick Masonry and Glass Faade Equipped with a Drive-Thru Window
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Absolute NNN Sale Leaseback - No Landlord Responsibilities
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10 Year Lease Equipped with Increases and Two Five-Year Options
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Strong Guarantee From CWL Investments - An Experienced 21 - Unit Operator
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Located on Heavily Travelled 12 Mile Road - Incredible Retail Frontage
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Arbys-Corporate Lease: |
Description:
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Arbys-Corporate Lease
: $
2,175,000
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Address: |
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610 West Jefferson Boulevard
Fort Wayne, IN 46802 |
Description: |
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Marcus & Millichap is pleased to present the following corporate guaranteed absolute net-leased property for your review. The single-tenant Arby's in Fort Wayne has 14.5 years left on the initial lease term with three five-year options. The lease calls for 4.8 percent rent increases every five years.
The lease is backed by a corporate guarantee. Wendy's/Arby's Group owns or franchises more than 10,000 restaurants and had over $12 billion in systemwide sales in 2008. They are rated B+ by Standard & Poor's and their stock is traded on the New York Stock Exchange. As of December 31, 2008, the company had a net worth of over $2.38 billion.
The property was constructed in 2003 and is within a few blocks of downtown Fort Wayne. Two blocks from the site is the new Fort Wayne Tin Caps Minor League baseball stadium, new Grand Wayne Convention Center and new Fort Wayne Public Library. The stadium, convention center and library are part of a $130 million downtown revitalization project known as Harrison Square and also includes a 250-room Courtyard by Marriott, 90-space parking garage, 60 condominiums, 30,000 square feet of retail shops and public park. All are within walking distance of the store.
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Highlights: |
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Absolute Net-Leased - No Management Responsibilities with Corporate Guarantee- Wendy's/Arby's Group
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Standard & Poor's B+ Rated Credit
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Two Blocks from New Minor League Baseball Stadium
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Within Blocks of New 250 Room Courtyard by Marriott
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Motivated Investor - Will Conform to Market
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Pella Windows & Doors: |
Description:
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Pella Windows & Doors
: $
3,550,000
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Address: |
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1026 Doris Road
Auburn Hills, MI 48326 |
Description: |
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This 67,500-square foot light industrial building is well located in Pinewood Properties Industrial Park in Auburn Hills, Michigan. The building serves as a retail store open to the public for Pella Windows & Doors. The building, situated on 4.09 Acres, contains 10,054 square feet of office/showroom space and 57,450 square feet of warehouse space. The building, a concrete block, and brick building with metal slats veneer was constructed in 1995, and renovated in 2007 to suit the needs of the tenant. The building offers a 240 ceiling height, with 12 docks and one drive-in bay. The property is located along Doris Road with visibility from Interstate 75 and is only minutes from Interstate 75, US-24, and M-59. The property is well located across from Oakland University, Chrysler Technology Center, and is surrounded by a variety of retail, professional, and manufacturing businesses and residential neighborhoods.
The property is occupied by Pella Window & Doors on a NNN Lease with five years remaining. The lease has annual increases and the tenant has one five-year option to renew.
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Highlights: |
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Five Years Remaining on a NNN Lease with Annual Increases and One Five-Year Option to Renew
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Renovated in 2007 to Suit the Needs of the Tenant
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Serves as a Retail Store Open to the Public for Pella Window & Doors
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Well Located Near Oakland University, Chrysler Technology Center, and Residential Neighborhoods
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Only Minutes from Interstate 75, US-24, and M-59
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Lakeland Medical Office Building: |
Description:
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Lakeland Medical Office Building
: $
1,937,658
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Address: |
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24 North Saint Joseph Avenue
Niles, MI 49120 |
Description: |
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Marcus & Millichap is pleased to present the Lakeland Medical Office Building, a multi tenant medical office building located in central Niles, Michigan. This attractive, high image office facility consists of 19,131 square feet and sits on 1.715 acres of land. The facility is currently 91 percent occupied by a variety of medical tenants, all on NNN leases.
The Lakeland Medical Office Building is located on North Saint Joseph's Avenue in Niles. The property is a single story office facility constructed from an attractive mix of brick masonry and glass. The very well maintained property is beautifully landscaped with a mixture of trees, shrubs and is bounded by three streets. There is an entrance to each street, which makes the ingress and egress to this center is very fluid. Additionally, the single story nature of this building is perfect for a Medical office building of its type. Medical office users like to locate in single story facilities to enable ease of access for their patients.
The tenants in the building are among the most respected practitioners in the region. The respect accorded the tenants, and the referrals among the building's tenants to each other, have consistently attracted new tenants.
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Highlights: |
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Attractive Single Story Medical Office Building with Separate Suite Entrances for each Tenant
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19,131 Square Feet is Currently 91 Percent Occupied by a Variety of Medical Tenants, all on NNN Leases
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Located Directly across the Street from Lakeland Community Hospital - On Campus MOB
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Well Maintained Asphalt Parking Lot has Three Separate Entrances - Fluid Ingress and Egress
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Pride of Ownership Asset - Seller Built the Property and has Owned it Since 1995
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Silver Lake Plaza: |
Description:
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Silver Lake Plaza
: $
4,200,000
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Address: |
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4001 Stinson Boulevard
Saint Anthony, MN 55418 |
Description: |
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Silver Lake Plaza is a centrally located Medical Office building in the Twin Cities market. Recently renovated from top to bottom this Medical Office asset is in pristine condition with all updates completed within the last five years. Offered at $72 per suare foor, the building would be valued at twice that for replacement cost.
This property has been a well recognized medical office fixture for over 40 years.
Recent exterior improvements include: Parking surface, landscaping, curbing, new pole lights, sidewalks, building facade, font entry and doors, rooftop cooling tower, and air supply ductwork. On the inside the lobby was completely remodeled, new signage, furnishings, bathroom remodel, fire and security systems, and updated common areas were all completed. Also, all major components of the HVAC system including a modular boiler system, all circulating pumps, and other related equipment have been upgraded.
Located adjacent to the recently-redeveloped award-winning Sliver Lake Village which features multiple retail establishments anchored by a Wal-Mart and a Cub Foods, as well as newer condominium, townhouse, and apartment complexes.
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Highlights: |
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Recently Totally Renovated Medical Office Space
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Never New Multi-Use Center and New Residential Developments
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Ranked Second 65 Plus Area in the Twin Cities
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Priced Around $70 Per Square Foot
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Lake Pointe Office Center: |
Description:
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Lake Pointe Office Center
: $
15,000,000
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Address: |
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26200 Town Center Drive
Novi, MI 48375 |
Description: |
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Marcus & Millichap is pleased to offer for sale The Lake Pointe Office Center. This Class A multi-tenant office building is located in the affluent community of Novi, Michigan.
Lake Pointe is a three-story, 92,934 square feet building and boasts occupancy of 94 percent. AutoDesk, a world leader in design software, is the anchor tenant. They occupy 48 percent of the building and have six years remaining on their lease.
The city of Novi is located in Oakland County, one of the wealthiest counties in the nation. The community is diverse with retail, office and residential properties. Demographics are very strong with an average household income of nearly $96,000. The building is located a mile from Twelve Oaks Mall, a 1.55 million square feet Regional Mall, and less than a mile from the Interstate 96 Expressway. Lake Pointe is within close proximity to the Interstate 275, Interstate 696, and M-5 Expressways as well.
Lake Pointe has undergone recent renovations including the lobby, common areas and restrooms. This is an excellent opportunity to purchase a core, long-term asset in a very stable, high-end community.
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Highlights: |
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Three-Story Class A Office Building with a Two-Story Marble Atrium with a Newly Renovated Lobby, Restrooms, Common Areas, Vending, and Mail Room
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Strong History of High Occupancy - Currently 94%Occupied
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Autodesk, the Anchor Tenant, has Six Years Remaining on Their Lease
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Prime Location Near a 1.55 Million SF Regional Shopping Mall and Immediate Access to I-96, I-696, I-275 and M-5 Expressways
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Strong Demographics - Average Household Income of Nearly $96,000
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Merrill Lynch Building: |
Description:
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Merrill Lynch Building
: $
4,375,000
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Address: |
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2611 East Oakland Park Boulevard
Fort Lauderdale, FL 33306 |
Description: |
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The Merrill Lynch Building is a Class A- office building situated on the north side of Oakland Park Boulevard approximately one block east of Federal Highway (US1) in Fort Lauderdale, Broward County, Florida. The Merrill Lynch Building is a single-tenant three-story, 18,000 square foot building, and is located on the east side of the property. The Merrill Lynch Building is a three-story office building constructed in 1989, specifically for Merrill Lynch. This building contains a two-story parking garage with approximately 115 spaces. The building is constructed of reinforced concrete frame and concrete masonry bearing walls.
The building is fully occupied by Merrill Lynch and has seven years remaining on the lease. The lease has annual increases and has renewal options for two periods of three to five years each as specified by Tenant in its renewal notice. Merrill Lynch is a wholly owned subsidiary of Bank of America. Bank of America is rated A+ by Fitch Ratings, A2 by Moody's, and A by Standard & Poor's.
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Highlights: |
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Highly Visible Location Along State Highway 816 (Oakland Park Boulevard) Only One Block East of Federal Highway (US-1)
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Constructed in 1989 as a Build-to-Suit for Merrill Lynch
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Seven Years Remaining on a NNN Lease with Annual Increases and Options to Renew
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Merrill Lynch is a Wholly-Owned Subsidiary of Bank of America Corporation
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Bank of America Rated A+ by Fitch Ratings, A2 by Moody's, and A by Standard & Poor's
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30991-30995 Industrial Road: |
Description:
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30991-30995 Industrial Road
: $
775,000
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Address: |
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30991-30995 Industrial Road
Livonia, MI 48150 |
Description: |
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Marcus & Millichap is pleased to present 30991-30995 Industrial Road, an attractive industrial building located in Livonia, MI. The property sits on 1.26 acres of land and has frontage on Industrial Drive, which is located right off of Merriman Road, a major thoroughfare in Livonia.
30991-30995 Industrial Road is an extremely attractive opportunity for both an investor and a user. The property contains approximately 25,400 square feet of warehouse space in addition to 1,000 square feet of general office space. Currently the property can accommodate two tenants, however there is the opportunity for a user to take up all the space. There is adequate parking and storage space on the property grounds. Additionally, the property contains two docks and two drive in bays to accommodate a tenant.
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Highlights: |
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26,400 SF Industrial Building - Excellent Opportunity for a User or Investor with Significant Upside
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Extremely Well Located on Industrial Drive - Within Seconds of Interstate-96
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Attractively Priced at under $30 Per Square Foot
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Located in One of Metro Detroit's Premier Industrial Corridors
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25,400 SF of Warehouse Space with 2 Docks and 2 Drive-In Bays, & 1,000 SF of Office Space
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Niles, Michigan Redevelopment Opportunity: |
Description:
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Niles, Michigan Redevelopment Opportunity
: $
555,000
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Address: |
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1903-2021 Oak Street
Niles MI, 49120 |
Description: |
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The Niles Redevelopment site is home to the former Eastgate Shopping Center. It is located in Niles, Michigan along Route 60, which is a major business thoroughfare. The site is also adjacent to the Tyler Memorial Airport. Niles is located within five miles of the cities of Mishawaka and South Bend, Indiana. The sites best use is for the buildings to be demolished and redeveloped into an industrial park or mixed use development. The city of Niles and surrounding townships have a population of approximately 36,000 with a total population of approximately 162,000 for Berrien County. Mishawaka has a population of approximately 46,000, and South Bend has a population of approximately 108,000 and is home to the University of Notre Dame. The subject property is approximately 55.5 acres and is offered at just $0.23 per foot or $10,000 per acre. The property has significant street frontage providing good visibility for a variety of users. It is also adjacent to the local airport. The site is currently zoned General Business, but the city of Niles is very motivated to see this site redeveloped.
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Highlights: |
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Redevelopment Opportunity with Very Low Price Per Acre ($10,000 per acre)
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Zoned General Business- City of Niles Will Entertain Zoning Change
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Located Along Route 60, and Adjacent to Jerry Tyler Memorial Airport
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Close Proximity to Notre Dame Campus, South Bend and Mishawaka
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Potential for Tax Abatement, Business Credits and other State of Michigan Business Incentives
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Auto One Glass & Accessories: |
Description:
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Auto One Glass & Accessories
: $
950,000
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Address: |
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45430 Schoenherr Road
Shelby Township, MI 48315 |
Description: |
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This 8,362 square foot bank owned car wash/auto service building is located along Schoenherr Road in Shelby Township, Michigan. The property, constructed in 1989, is situated on 1.23 acres and has 215 feet frontage on Schoenherr Road. The property has 5,862 square feet of car wash space with a combination of radiant, package, and space heat with a clear height of 140. The remaining 2,500 square feet is auto service space with radiant heat and a clear height of 140. The property is well located with easy access to the M-53 and M-59 Interchange. The property is minutes from The Lakeside Mall, Target, Meijers, Sams Club, and multiple other retail and professional tenants.
The Hall Road corridor, the premier commercial corridor in Macomb County, influences the subject neighborhood and the residential density in the general area provides a good consumer base for local businesses. Although not as desirable as a location along heavily traveled Hall Road (M-59), the subject's specific location provides for good exposure and relatively high traffic volumes competitive with similar uses in the market.
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Highlights: |
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Bank Owned Property
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8,362 Square Foot Car Wash/Auto Service Building Situated on 1.23 Acres
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Highly Visible Location with 215 Feet Frontage Along Schoenherr Road
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Only Five Minutes From the M-59 and M-53 Interchange and Lakeside Mall, Anchored by JCPenney, Lord & Taylor, Macys, and Sears
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Well Located Near Residential Suburbs and Multiple Local and National Retail and Professional Tenants
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14400 Gratiot Avenue: |
Description:
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14400 Gratiot Avenue
: $
165,000
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Address: |
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14400 Gratiot Avenue
Detroit, MI 48205 |
Description: |
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This 4,489 square foot Bank Owned office/retail-storefront building is located along Gratiot Avenue in Detroit, Michigan. The property is currently vacant and a good opportunity for an owner/user or possible redevelopment. The property, constructed in 1940, has 42 feet frontage on Gratiot Avenue (M-3) and is situated on 0.05 Acres. The property is located across from The Shops at Northeast Village; an 113,380-square foot grocery anchored neighborhood shopping center that provides the community with basic retail services that are in great demand. Strategically positioned in a mature community, the area has undergone revitalization over the last few years.
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Highlights: |
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Bank Owned Property
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Currently Vacant-Good Opportunity for Owner/User or Possible Redevelopment
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Highly Visible Location Along Gratiot Avenue (M-3)
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Only Minutes From Interstate 94 and Multiple Other Freeways
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Storefront Office/Retail Property Located Near Multiple Local and National Retailers Across From The Shops at Northeast Village
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Legal Statement - The representations contained
on this internet page are provided based on information
deemed reliable. However, the same has not been
independently verified. Principals are advised to conduct a
thorough due diligence for any potential transaction.
Marcus & Millichap Real Estate Investment Service's name and logo are used herein for information
purposes only.
Marcus & Millichap - Experience the difference -profit from results.
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