1001 & 914 Terminal Road
Lansing, MI
Office for Sale - $3,750,000 - 40,654 Sq. Ft. on 49299.44 acres
Property Info
| CIMLS# | 613204 |
| Location 1001 & 914 Terminal Road Lansing MI 48906 | |
| Updated | September 20th, 2013 |
| Type | Office |
| Price | $3,750,000 |
| Building | 40,654 Sq. Ft. |
| Land | 49299.44 acres |
Property Description
Sperry Van Ness/Stewart Commercial Group LLC is proud to offer two government leased properties For sale to qualified investors. Properties are leased by the State of Michigan, Department of Community Health and through 2016 with (2) five year renewal options options. Newly renovated buildings with significant owner and tenant investments in office finishes, mechanicals, and back-up generators.
Location Description:
The subject properties are located in the City of Lansing which is the Capital for the State of Michigan. The properties are located within one mile of the Lansing Capital Airport and 1/2 mile North of the Grand River Ave & MLK intersection. Close proximity to the newly constructed State of Michigan Military Affairs Headquarters and Bioport/Emergent Solutions new $78 Million headquarters.
Highlights:
>> 100% Occupied by State of Michigan
>> Significant building investments benefiting the State
>> Long history of occupancy
>> Minutes for Lansing Capital Airport
>> 9% Cap Rate
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Financials
Sales Info:
>> Cap rate: 8.98%
>> NOI: $336864