200 W Ludington St - Office FOR SALE
Iron Mountain, MI 49801 |
$1,353,000 USD
513-325-8682
200 W Ludington St
Iron Mountain, MI 49801
HIGHLIGHTS
- 4,180-SF Single Tenant Office on a +/-0.24 Acre Parcel
- 8 Years Remaining on a 10 Year Absolute Net Master Lease With No Landlord Responsibilities | Rare 10% Yield On a Single Tenant Property
- Corporately Guaranteed Lease by PWA Management and an Additional 3-Year Significant Personal Guaranty
- PWA Management LLC is a Proven Operator with a Track Record of Successful Operations Across the Country
- Timeframe for Full Operational Status: The Length of the Personal Guaranty Ensures the Property Has Ample Time to Reach Full Operational and Tenanted
- Positioned at a Prime Location with High Visibility and Accessibility | Daytime Population of 23,200+ Within 5-Miles
FOR SALE DETAILS
PRICE
$1,353,000 USD
PRICE/SF
$324 USD /SF
CAP RATE
10%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Iron Mountain Executive Plaza
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1936
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.24 AC
LAND SF
10,286 SF
ZONING
Commercial
APN/PARCEL ID
051-104-493-00
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513-325-8682
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513-325-8682
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