For Sale
$1,710,000

1484 Straits Dr Bay City, MI 48706

High-Cap Rate Office Building, Bay City, MI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a multi-tenant office building situated in Bay County's Valley Center Technology Park, conveniently located at the intersection of US-10 and Mackinaw Road. The property, known as Valley Center Tech Park Commerce Center, encompasses 18,750 square feet and boasts an impressive 11.00% capitalization rate. Currently, only one of the seven suites is vacant, indicating strong occupancy and rental income. The building primarily features office space, complemented by some tech/warehouse areas, a practical design incorporating six overhead doors at the rear. This strategic location within the Great Lakes Bay Region provides easy access to Saginaw, Bay City, and Midland, ensuring high visibility and convenient commutes for tenants. The asking price is $1,710,000, translating to a price per square foot of $91.20. This well-maintained property offers a compelling investment prospect for discerning buyers seeking a strong return in a desirable location. The building's blend of office and tech/warehouse space caters to a diverse range of potential tenants, enhancing its long-term value and rental potential. The high occupancy rate further underscores the property's desirability and stability within the market. This is a rare opportunity to acquire a well-positioned, high-performing commercial property in a thriving Michigan market. The address is 1484 Straits Dr, Bay City, MI 48706.

Highlights

  • $1,710,000 asking price.
  • 18,750 square feet.
  • $91.20 price per square foot.
  • 11.00% cap rate.
  • Multi-tenant office building in Bay City, MI's Valley Center Technology Park.
  • Seven-unit complex with primarily office space, some tech/warehouse space, and six overhead doors.

Property Details for 1484 Straits Dr

Property type
Office properties, Medical offices
Square Feet
18,750 SF

Location Insight

City
Bay City
County
Bay
State
Michigan
Latitude
43.592558217719
Longitude
-83.993357238822

FAQs

What type of property is this?
Office property - High-Cap Rate Office Building, Bay City, MI
Where is the office property located?
The property is located at 1484 Straits Dr Bay City, MI.
What is the asking price?
The asking price for this property is $1,710,000.
What are key features of this property?
This property features: $1,710,000 asking price.; 18,750 square feet.; $91.20 price per square foot.
How can I contact the broker?
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1484 Straits Dr
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