The Offering
CBRE, Inc., as ownerships exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 24911 Little Mack Avenue, St. Clair Shores, Michigan (“Property” or “Building”). The 12,407 square foot Building is 100% leased and occupied by two (2) medical office users: St. John Hospital and Medical Center and Signature Endodontics. St. John Hospital and Medical Center has been located at the Property since its completion in 1990, while Signature Endodontics recently relocated to the Building and executed a 10-year lease commencing in January 2015. The Property is situated along one of the area’s primary roadways, Little Mack Avenue, and is in close proximity to densely populated residential areas and several area hospitals. The offering represents the opportunity to acquire a high-quality medical office building with two (2) prominent long-term tenants in-place.
Investment Highlights
| Asking Price | $2,250,000 |
| Calendar Year Ending | 12/17 |
| Net Operating Income (NOI) | $198,354 |
| Capitalization Rate On In-Place NOI | 8.82% |
| Price Per Square Foot | $181.35 |
| Total Rentable Square Feet | 12,407 |
| Year Built | 1990 |
Contact Information
Anne Galbraith-Kohn
Senior Vice President
+1 248 351 2023
anne.galbraith-kohn@cbre.com
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