For Sale
$950,000

806 Hogsback Rd Mason, MI 48854

High-Yield, 100% Occupied Multi-Tenant Office

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully occupied, four-unit executive office building situated on a 3.12-acre lot in Mason, Michigan. The property, known as Cedar View Professional Park, boasts 8,006 square feet and is anchored by a long-term tenant, the Secretary of State office, ensuring stable income. Built in 2010 at 806 Hogsback Rd, 48854, the property enjoys high visibility due to its prominent street frontage. The current occupancy rate is 100%, generating a substantial gross annual income of $129,960 and a net operating income (NOI) of $70,464, resulting in an attractive 7.6% capitalization rate. This multi-tenant property offers a secure and profitable investment with a strong tenant base and excellent location within Ingham County. The property's strategic location and consistent income stream make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request. This is a rare opportunity to acquire a high-performing commercial property in a thriving market.

Highlights

  • 100% occupancy.
  • Long-term lease with the Secretary of State's office.
  • High-visibility street frontage.
  • Excellent investment opportunity with strong cash flow.
  • Gross annual income: $129,960.
  • Net operating income (NOI): $70,464.

Property Details for 806 Hogsback Rd

Property type
Retail properties, Office properties
Square Feet
8,006 SF
Year Built
2010
Lot Size (sq. ft)
135,907 SF
Units
4

Location Insight

City
Mason
County
Ingham
State
Michigan
Latitude
42.6055048
Longitude
-84.4807114

FAQs

What type of property is this?
Retail property - High-Yield, 100% Occupied Multi-Tenant Office
Where is the retail property located?
The property is located at 806 Hogsback Rd Mason, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 100% occupancy.; Long-term lease with the Secretary of State's office.; High-visibility street frontage.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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806 Hogsback Rd
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