Cap Rate of 9.5. New 5 year lease recently signed for main floor. Average gross rents are over $119,000 per year. Possible ROI of 22%. Premiere office building in Gaylord Michigan. Gaylord is the Gateway to all of Northern Michigan. North-South, East-West arteries pass through this hub of business, and commerce. The building covers 12,456 SQFT building across the main floor and full lower level. The main floor has a nice lobby with bathroom, 21 separate offices, a common area, conference room, a kitchenette, and network wiring throughout. Mechanical room has a three boiler system. Main Distribution Facility (MDF) for your network and server equipment contains 220 AMP & 20 AMP circuits.
City Limits: No
Lot Size: 1.8 acres
Ttl Sqft: 0.00
Listing Provided Courtesy of:
Berkshire Hathaway HomeServices - Gaylord 100 W. First St., Gaylord, MI 49735