The Shops at Schaefer Park | 2300 S Schaefer Hwy
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The Shops at Schaefer Park 2300 S Schaefer Hwy
6,600 SF 100% Leased Retail Building Detroit, MI 48217 £460,863 (£70/SF) 13.04% Net Initial Yield
Executive Summary
Retail strip center for sale. Fully occupied at 12.5% cap rate.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,600 SF
Building Class
C
Year Built
2002
Price
£460,863
Price Per SF
£70
Net Initial Yield
13.04%
NOI
£60,113
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
0.60 AC
Zoning
B4
Parking
32 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Security System
- Signage
PROPERTY TAXES
| Parcel Number | 20-018097-104 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £205,745 |
PROPERTY TAXES
Parcel Number
20-018097-104
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£205,745
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The Shops at Schaefer Park | 2300 S Schaefer Hwy
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