1701 Lake Lansing Rd - Office FOR SALE


Lansing, MI 48912- Eastside
$1,800,000 USD
646-531-2496
1701 Lake Lansing Rd, Lansing, MI for Sale
$1,800,000 USD
Office - FOR SALE
1/21
null | Request Cap Rate

1701 Lake Lansing Rd
Lansing, MI 48912
Eastside


OVERVIEW

CBRE is pleased to exclusively offer investors the opportunity to acquire the fee-simple interest in 1701 Lake Lansing Road. 1701 Lake Lansing Road is an 11,944-sq.-ft., multi-tenant office building situated within a bustling commercial district in northeast Lansing, Michigan. The meticulously maintained three-tenant building is 100% leased and 70.8% occupied. The 3,108 sq. ft. of grey space is leased until the end of February 2027, which provides investors an outstanding opportunity to purchase an attractive asset with strong existing cash flow and the ability to add value through the reletting of the vacant space, steadily growing the NOI over time.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

F Comm

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Peter FurestCBREMore Info
646-531-2496

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Peter FurestCBREMore Info
646-531-2496

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