124 N Main
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124 N Main
3,036 SF 100% Leased Office Building Perry, MI 48872 £282,799 (£93/SF) 9.09% Net Initial Yield
Investment Highlights
- Located approximately 22 miles northeast of Lansing on I-69
Executive Summary
Graystone Capital Advisors is excited to present the exclusive listing for sale of Clarkson Eyecare in Perry, MI. This mixed-use building spans 3,036 square feet and is leased, with Eyecare Partners, a junior company of Eyecare Partners, with a robust presence of over 200 locations across 13 states. Investors will find a compelling opportunity with a current Cap rate of 9.25% and the added advantage of a 3% annual increase in rent.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,036 SF
Building Class
C
Year Built
1940
Price
£282,799
Price Per SF
£93
Net Initial Yield
9.09%
NOI
£25,717
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,518 SF
Building FAR
0.12
Lot Size
0.57 AC
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PROPERTY TAXES
| Parcel Number | 024-40-003-011 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £60,953 |
PROPERTY TAXES
Parcel Number
024-40-003-011
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£60,953
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124 N Main
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