Office Building with Existing
For Sale
Contact for pricing
158 Cesar E Chavez Ave, Pontiac, MI 48342
Two office tenants remain in place through 2028–2029, offering continuity for an owner-occupant or investor.
Property SizeContact for details
Days on Market89
Property Features for 158 Cesar E Chavez Ave
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Newmark Knight Frank Detroit
Listed By:
Daniel Canvasser
(248) 350-8141
Source:
Nmrk
Added: Jun 9
Changed: Sep 4
Last Checked: Sep 5 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
This office building totals approximately 205,813 and is being offered for sale with two in-place leases providing near-term certainty for a new owner. The OLHSA lease expires March 31, 2028, and the PAE lease expires June 30, 2029. The offering also includes the option for the buyer to assume existing CMBS debt from the seller, with a stated monthly payment of $99,492.69, an interest rate of 5.65%, and a loan maturity of August 2028. The current loan balance is reported as $10,455,070 as of December 31, 2024.
The property is located at 158 Cesar E Chavez Ave in Pontiac, Michigan. The remarks describe Pontiac as being approximately 20 miles north of Detroit in Oakland County, and highlight ongoing downtown enhancement efforts.
For tenants, buyers, and operators, the current leasing structure can support continuity while ownership evaluates updates. For buyers considering a longer hold or change in strategy, the asset may serve as a platform for capital improvements and repositioning, aligned with the redevelopment themes described for Pontiac.
The property is located at 158 Cesar E Chavez Ave in Pontiac, Michigan. The remarks describe Pontiac as being approximately 20 miles north of Detroit in Oakland County, and highlight ongoing downtown enhancement efforts.
For tenants, buyers, and operators, the current leasing structure can support continuity while ownership evaluates updates. For buyers considering a longer hold or change in strategy, the asset may serve as a platform for capital improvements and repositioning, aligned with the redevelopment themes described for Pontiac.
Key Highlights
- Two office tenants remain in place through 2028–2029: OLHSA lease through Mar. 31, 2028 and PAE lease through Jun. 30, 2029
- Buyer may assume CMBS debt: $99,492.69 monthly payment at 5.65% interest, with maturity in August 2028
- Current loan balance is $10,455,070 as of Dec. 31, 2024
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two office tenants remain in place through 2028–2029, offering continuity for an owner-occupant or investor.
Where is this office building located?
The property is located at 158 Cesar E Chavez Ave Pontiac, MI.
What are key features of this property?
This property features: Two office tenants remain in place through 2028–2029: OLHSA lease through Mar. 31, 2028 and PAE lease through Jun. 30, 2029; Buyer may assume CMBS debt: $99,492.69 monthly payment at 5.65% interest, with maturity in August 2028; Current loan balance is $10,455,070 as of Dec. 31, 2024
