4241 Old US Highway 27 S - Office FOR SALE


Gaylord, MI 49735
$1,417,500 USD
616-856-0432
4241 Old US Highway 27 S, Gaylord, MI for Sale
$1,417,500 USD
Office - FOR SALE
1/1
null | 10.25% Cap Rate

4241 Old US Highway 27 S
Gaylord, MI 49735


HIGHLIGHTS

  • 100% leased to Wade Trim Group and Huron Pines
  • Contractual annual rent increases of 3.0% and 3.5%.
  • Gross lease structure with clearly defined landlord and tenant responsibilities.
  • Well-maintained 2000-built masonry and steel construction on 1.35 acres.
  • Strategic Gaylord location along the I-75 corridor in Northern Michigan.

OVERVIEW

Graystone Capital Advisors is pleased to present 4241 Old US Hwy 27 S, Gaylord, MI 49735, a 12,724-square-foot, two-tenant office property on 1.35 acres, 100% leased to Wade Trim and Huron Pines.? The tenants occupy 67.9% and 32.1% of the building, respectively, under gross leases extending through December 2030 and April 2030, with contractual annual rent increases of 3.0% and 3.5%.? The property generates approximately $145,300 in Year 1 net operating income and provides investors with a 4.13-year weighted average lease term as of August 2026, established tenancy and contractual rent growth throughout the remaining lease terms.?

FOR SALE DETAILS

PRICE

$1,417,500 USD

PRICE/SF

$111 USD /SF

CAP RATE

10.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,811 SF

ZONING

B-1 – Local Business

APN/PARCEL ID

010-028-200-045-03

ASK ABOUT THIS PROPERTY

Adam VranianGraystone Capital AdvisorsMore Info
616-856-0432

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

Adam VranianGraystone Capital AdvisorsMore Info
616-856-0432

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