For Sale
$1,995,000

2120 University Park Dr Okemos, MI 48864

13,338 SF, 100% Occupied, 7.6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fully occupied, 13,338-square-foot Class B office building situated on a 1.5-acre lot in Okemos, Michigan's desirable University Commerce Park. Built in 1988 and meticulously maintained, the property boasts a strong 100% occupancy rate, generating a compelling 7.60% capitalization rate. The asking price is $1,995,000. Located at 2120 University Park Dr, Okemos, MI 48864 (APN 33-06-06-04-226-018), this asset benefits from its strategic location, providing easy access to Okemos Road and the I-96 interchange. The surrounding area offers a wealth of amenities, including numerous restaurants, banks, and retail establishments, enhancing tenant appeal and attracting a diverse clientele. This value-add opportunity presents a strong return on investment with potential for future appreciation. The property's prime location and high occupancy rate make it an attractive investment for discerning buyers seeking a stable and profitable asset in a thriving market. This is a rare chance to acquire a well-maintained, fully leased office building in a highly sought-after location.

Highlights

  • $1,995,000 asking price for a 13,338 SF office building.
  • 100% occupied, Class B, value-add investment opportunity in Okemos, MI.
  • 7.60% cap rate.
  • Located at 2120 University Park Dr, Okemos, MI 48864, in University Commerce Park.
  • Built in 1988.

Property Details for 2120 University Park Dr

Property type
Office properties, 1031 exchange properties
Square Feet
13,338 SF
Class
B
Year Built
1988

Location Insight

City
Okemos
County
Ingham
State
Michigan
Latitude
42.679902586716
Longitude
-84.424408686814
2120 University Park Dr, Okemos, Michigan

FAQs

What type of property is this?
Office property - 13,338 SF, 100% Occupied, 7.6% Cap Rate
Where is the office property located?
The property is located at 2120 University Park Dr Okemos, MI.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: $1,995,000 asking price for a 13,338 SF office building.; 100% occupied, Class B, value-add investment opportunity in Okemos, MI.; 7.60% cap rate.
How can I contact the broker?
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2120 University Park Dr
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