1550 Watertower Pl - Office FOR SALE


East Lansing, MI 48823
$1,200,000 USD
517-662-3535
1550 Watertower Pl, East Lansing, MI for Sale
$1,200,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

1550 Watertower Pl
East Lansing, MI 48823


OVERVIEW

The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building.  The facility was built in 2008.  Current co-tenants include The Cancer & Hematology Center and Hall Matson Law Offices.  Formerly occupied by Red Cedar Oncology, the build-out features 7 exam rooms, numerous other medical amenities, and is suitable for a staff of 17 members working in the space. The space is in very good condition and shows well. There are multiple points of ingress / egress from West Road and Coolidge Road, with parking for ±75 Vehicles. Location: 0.6 Miles NW of US-127, 2.4 Miles NE of US-127 and Business 69 Interchange, and 1.1 Miles from Eastwood Towne Center Traffic: Moderate (9,591 VPD) in the Immediate Area; Increases to 25,631 VPD on W Lake Lansing Road

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

B-4

APN/PARCEL ID

33-20-01-02-226-401

ASK ABOUT THIS PROPERTY

Jeff RidenourColliersMore Info
517-662-3535

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Jeff RidenourColliersMore Info
517-662-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.