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930 - 984 E Michigan Avenue - The Oaks - The Oaks, Saline, MI

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930 - 984 E Michigan Avenue - The Oaks - The Oaks

Saline, MI 48176 - Washtenaw W of 23 Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2007
Building Size:53,071 SF Land Area:9.32 AC (405,979 SF)
For Sale Price:$6,100,000 Price/SF:$114.94
Cap Rate:7.50 %
Parking:Free Surface spaces are available; Ratio of 3.3/1,000 SF Anchor Tenants:Ace Hardware
Features:Signage, Signalized Intersection

"The Oaks" New retail development. The center will contain 50,000 SF with the largest contiguous being +/- 35K. High traffic area in rapidly growing Saline, Michigan Ave across from the Visteon Plant. Rate will vary with suite size and finish
Highly desirable 1240 SF retail space at The Oaks in Saline. Join ACE Hardware, Dollar Tree, Powerhouse Gym, and other in the newer Retail Center ideally located in Saline. Expense charges for 2017 are $4.39/sq ft and include property tax and Common Area Maintenance

Between Industrial and Keveling

Sale Notes:
Investment opportunity - A multi-tenant neighborhood retail center containing 53,071 SF built in 2007 on an irregular site of +/-9.32 acres gross and +/-5.55 buildable acres as there are wetlands on the southwest portion of the site. The subject has filled up over the past few years. It is currently 100% leased to 14 tenants.

Reinhart Commercial
Bela K Sipos
(734) 669-5813

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