For Sale
$389,000

27777 Gratiot Ave Roseville, MI 48066

High-Cap Rate Office Investment, Michigan

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a single-tenant, 3,083 square foot Class B office building situated on a 12,442 square foot lot in Roseville, Michigan. The property boasts a strong 9.50% capitalization rate, secured by a nationally recognized tenant under a triple-net (NNN) lease. The building, constructed in 2014, underwent a complete interior renovation, featuring high-end finishes such as granite countertops, pocket doors, and attractive brick accent walls. All interior and exterior lighting has been upgraded to energy-efficient LED fixtures. Conveniently located near I-696, this property offers excellent accessibility and visibility. The building consists of one story and comprises a single unit. This is a rare opportunity to acquire a well-maintained, high-performing investment property with a proven track record. The property's strong tenant and favorable lease terms make it an attractive addition to any investment portfolio. The asking price is $389,000.

Highlights

  • $389,000 asking price for this Net Lease office property.
  • 9.50% Cap Rate offering strong investment potential.
  • 3,083 square feet of rentable space in a single-tenant building.
  • Located at 27777 Gratiot Ave, Roseville, MI 48066.
  • Class B building, single story, built in 2014 (renovated).
  • Nationally recognized tenant with a long-term NNN lease.

Property Details for 27777 Gratiot Ave

Property type
Office properties
Square Feet
3,083 SF
Class
B
Year Renovated
2014
Buildings
1
Stories
1
Units
1

Location Insight

City
Roseville
County
Macomb
State
Michigan
Latitude
42.500552767425
Longitude
-82.934672671431

FAQs

What type of property is this?
Office property - High-Cap Rate Office Investment, Michigan
Where is the office property located?
The property is located at 27777 Gratiot Ave Roseville, MI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: $389,000 asking price for this Net Lease office property.; 9.50% Cap Rate offering strong investment potential.; 3,083 square feet of rentable space in a single-tenant building.
How can I contact the broker?
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27777 Gratiot Ave
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