32280 5 Mile Rd - Medical FOR SALE


Livonia, MI 48154
$1,300,000 USD
917-557-9172
32280 5 Mile Rd, Livonia, MI for Sale
$1,300,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

32280 5 Mile Rd
Livonia, MI 48154


HIGHLIGHTS

  • Passive Investment Opportunity – This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset with minimal landlor
  • Strong Demographics – The site is favorably located in a wealthy and heavily populated area with over 256,708 residents in a 5-mile radius
  • Stable Tenant – Smile Partners acquired the practice in 2018 and is midway through their 2nd 5 year term, highlighting their long-term commitment. The
  • Retail Corridor – This office is placed in a pleasant residential area along many healthcare locations. It is surrounded by several shopping and strip
  • Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients

OVERVIEW

The lease is a true triple-net (NNN) lease, minimizing unexpected costs for the landlord. The tenant is responsible for all capital expenditures related to ownership, including utility lines, HVAC, snow removal, trash service, and parking lot repaving or resurfacing. The landlord’s obligations are limited solely to the roof and structural exterior walls (excluding the storefront, doors, and windows)

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C-1

APN/PARCEL ID

46-060-01-0705-001

ASK ABOUT THIS PROPERTY

Nick ZagarMirlo Real Estate PartnersMore Info
917-557-9172

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Nick ZagarMirlo Real Estate PartnersMore Info
917-557-9172

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