1820-1856 N Perry St - Freestanding FOR SALE


Pontiac, MI 48340
$2,993,392 USD
630-570-2238
1820-1856 N Perry St, Pontiac, MI for Sale
$2,993,392 USD
Freestanding - FOR SALE
1/9
null | 7.72% Cap Rate

1820-1856 N Perry St
Pontiac, MI 48340


HIGHLIGHTS

  • Oakland County Michigan Works! One Stop Service Center anchors the property and accounts for 46% of total rental income | Managed by Goodwill
  • Early Childhood Development Center has more than 7.5 years of lease term remaining
  • Approximately 1.7 miles from two Interstate 75 interchanges with traffic counts of 125,910 vehicles per day
  • Positioned on the border of Auburn Hills, a sought after, attractive market of the Detroit MSA
  • Surrounded by major corporate headquarters, engineering facilities, manufacturing operations and distribution centers
  • Sixteen hotels are located within a three-mile radius, supporting consistent business travel and corporate demand

OVERVIEW

This anchored value-add center is situated on a 4.11-acre site along Perry Street in Pontiac, Michigan. Oakland County Michigan Works! One Stop Service Center accounts for 46% of total rental income and has occupied the property since 2018. The tenant is operated by Goodwill of Greater Detroit and has one, three-year renewal option remaining. Early Childhood Development Center provides additional stability with more than 7.5 years of lease term remaining, a net-leased structure and two, five-year renewal options. Approximately 10,000 square feet of vacant space offers a meaningful lease-up opportunity and potential upside. The property is located 1.7 miles from two Interstate 75 interchanges and within an established business and industrial corridor. The surrounding area includes major corporate headquarters, manufacturing facilities, distribution centers and 16 hotels within three miles. Nearby institutions include Oakland University (15,979 students) and Baker College of Auburn Hills (3,572 students). The area has a daytime population of 116,687, while 151,877 people live within five miles and earn an average household income of $108,141.

FOR SALE DETAILS

PRICE

$2,993,392 USD

PRICE/SF

$94 USD /SF

CAP RATE

7.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valentina Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

4.11 AC

LAND SF

179,032 SF

ZONING

BI

APN/PARCEL ID

14-15-226-007

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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