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2120 University Park Dr Okemos, MI 48864

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For Sale
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13,338 SF, 100% Occupied, 7.6% Cap Rate

Property size:
13,338 SF

Property Features for 2120 University Park Dr

General Information

Property type
1031 exchange properties
Square Feet
13,338 SF
Class
B

Building Details

Year Built
1988

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Listing Contact
Eric Rosekrans
Eric Rosekrans

Listing Agency: Martin Commercial Properties Listing Agent: Eric Rosekrans

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a fully occupied, 13,338-square-foot Class B office building situated on a 1.5-acre lot in Okemos, Michigan's desirable University Commerce Park. Built in 1988 and meticulously maintained, the property boasts a strong 100% occupancy rate, generating a compelling 7.60% capitalization rate. The asking price is $1,995,000. Located at 2120 University Park Dr, Okemos, MI 48864 (APN 33-06-06-04-226-018), this asset benefits from its strategic location, providing easy access to Okemos Road and the I-96 interchange. The surrounding area offers a wealth of amenities, including numerous restaurants, banks, and retail establishments, enhancing tenant appeal and attracting a diverse clientele. This value-add opportunity presents a strong return on investment with potential for future appreciation. The property's prime location and high occupancy rate make it an attractive investment for discerning buyers seeking a stable and profitable asset in a thriving market. This is a rare chance to acquire a well-maintained, fully leased office building in a highly sought-after location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Strategic Safety Inc Building Supply ASU Group Insurance Agency Recovery Unlimited Medical Clinic Michigan Transit Pool Association Or Organization Catalyst Solutions Business Service Center

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Okemos
County
Ingham
State
Michigan
Longitude
-84.424408686814
Latitude
42.679902586716

FAQs

What type of property is this?
1031 exchange property - 13,338 SF, 100% Occupied, 7.6% Cap Rate
Where is this 1031 exchange property located?
The property is located at 2120 University Park Dr Okemos, MI.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: $1,995,000 asking price for a 13,338 SF office building.; 100% occupied, Class B, value-add investment opportunity in Okemos, MI.; 7.60% cap rate.
(517) 351-2200 Call to check price and availability
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