8121 Trillium Circle Ave Grand Blanc, MI 48439

Listing agency CBRE

Listed by David Hesano · License #MI 6501300653

Source Crexi

Added: Apr 12 Updated: Jul 20 at 8:49PM Checked: Jul 20 at 8:49PM

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Investment Insights

Based on property information with market context.

Fee simple interest is available for sale in a Class A office building at 8121 Trillium Circle Ave in Grand Blanc, MI. The property is currently 95.44% occupied by two tenants under triple net (NNN) leases.

Bank of America Merrill Lynch occupies three suites totaling 13,453 square feet, including two expansion units per the lease. Lake Michigan Credit Union occupies 4,204 square feet. The leases include rental escalations described for Bank of America Merrill Lynch (2.00% on the original space in February 2021, and 2.50% on the two expansion units in December 2020) and for Lake Michigan Credit Union (3.00% in May 2021).

The offering is proposed as a cash transaction and is presented free and clear of existing debt.

Key Highlights

• Fee simple interest in a Class A office building in Grand Blanc Township, MI, about 50 miles northwest of Detroit and 49 miles northeast of Lansing.
• Currently 95.44% occupied by two tenants on triple net (NNN) leases.
• Bank of America Merrill Lynch: 13,453 SF across three suites, including two expansion units per the lease.

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FAQs

What type of property is this?

Office building - Fee simple interest available in a Class A office building with NNN leases and current multi-tenant occupancy.

Where is this office building located?

The property is located at 8121 Trillium Circle Ave Grand Blanc, MI.

What are key features of this property?

This property features: Fee simple interest in a Class A office building in Grand Blanc Township, MI, about 50 miles northwest of Detroit and 49 miles northeast of Lansing.; Currently 95.44% occupied by two tenants on triple net (NNN) leases.; Bank of America Merrill Lynch: 13,453 SF across three suites, including two expansion units per the lease.