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Okemos Office Building Investment Opportunity

2120 University Park Dr, Okemos, MI 48864

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For Sale

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Fully leased 13,338 SF office building in Okemos, Michigan.

Type:Office

Property size:

13,338 SF

Lot size:

1.50 Acres

Price / SF:

$134/SF

HighLights

Fully leased 13,338 sq ft office building, ensuring immediate cash flow.
Anchored by two strong, creditworthy tenants: Michigan Claim Service, Inc. (The ASU Group) and Alpha Solutions Management.
Exceptional location in a prominent office corridor with seamless access to Okemos Road and the I‑96 interchange.
Recent first‑floor renovation to tenant specifications (Alpha Solutions Management).
Well‑maintained asset on 1.5 acres.
Located near a wide variety of restaurants, banks, and retail amenities.

We can help!

Contact an agent

Eric Rosekrans

For Sale

Contact for pricing

Fully leased 13,338 SF office building in Okemos, Michigan.

Type:Office

Property size:

13,338 SF

Lot size:

1.50 Acres

Price / SF:

$134/SF

Added:: Nov 15, 2024
Days on Market:: 598
Last Refresh:: May 12 at 9:44 pm

Property Features for 2120 University Park Dr

General Information

Standard status: Active
Size: 13,338 SF
Lot size: 1.50 Acres
Property subtype: Office

Building Details

Year Built: 1988

We can help!

Contact an agent

Eric Rosekrans

Listing office Martin Commercial Properties

Listing date Nov 15, 2024

Source Crexi

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 Martin Commercial Properties

HighLights

Fully leased 13,338 sq ft office building, ensuring immediate cash flow.
Anchored by two strong, creditworthy tenants: Michigan Claim Service, Inc. (The ASU Group) and Alpha Solutions Management.
Exceptional location in a prominent office corridor with seamless access to Okemos Road and the I‑96 interchange.
Recent first‑floor renovation to tenant specifications (Alpha Solutions Management).
Well‑maintained asset on 1.5 acres.
Located near a wide variety of restaurants, banks, and retail amenities.

Overview

This is an investment opportunity to acquire a fully leased, 13,338-square-foot office building. The property is located at 2120 University Park Dr., Okemos, Michigan, and is situated on 1.5 acres in a prominent office corridor. The location provides access to Okemos Road, the I-96 interchange, and a variety of restaurants, banks, and retail amenities. The property is anchored by two tenants: Michigan Claim Service, Inc. (operating as The ASU Group) and Alpha Solutions Management (owned by Reyton Ventures, LLC). The first-floor space was recently renovated to the specifications of Alpha Solutions Management. The property offers durable occupancy, recent upgrades, and an exceptional location, presenting a compelling investment opportunity for buyers seeking a quality office property in a high-demand market.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$192.1k	$14.40
− Vacancy	−$42.1k	−$3.15
EGI	$150.0k	$11.25
− OpEx	−$37.5k	−$2.81
NOI	$112.5k	$8.43

13,338 SF · lease $14.40/SF/yr · vacancy 21.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,503 @ 7.0% cap · market cap 6.27%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.14M

$1.88M – $2.50M (±1% cap)

NOI $150,004 @ 7.0% cap · market cap 8.36%

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

Property Profile 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

Location Insight

Map
Local Demand

City: Okemos
County: Ingham
State: Michigan
Longitude: -84.428296
Latitude: 42.680031

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For sale
Office buildings
MI
Okemos
48864
2120 University Park Dr

What type of property is this?

Office building - Fully leased 13,338 SF office building in Okemos, Michigan.

Where is this office building located?

The property is located at 2120 University Park Dr Okemos, MI.

What is the asking price?

The asking price for this property is $1,795,000.

What are key features of this property?

This property features: Fully leased 13,338 sq ft office building, ensuring immediate cash flow.; Anchored by two strong, creditworthy tenants: Michigan Claim Service, Inc. (The ASU Group) and Alpha Solutions Management.; Exceptional location in a prominent office corridor with seamless access to Okemos Road and the I‑96 interchange.

2120 University Park Dr, Okemos, MI 48864

Fully leased 13,338 SF office building in Okemos, Michigan.

Property Features for 2120 University Park Dr

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Retail and Office Building

Class A Office Condominium Suite

Charming Okemos Office Building For Sale

Class A Medical Office Suite

Freestanding Retail or Office Building

Okemos Two-Building Portfolio Opportunity

Okemos Professional Office Opportunity

Okemos Road Professional Office Space

Built-Out Medical Office Suite

Eastbrook Office Park Opportunity

Restaurant Site in Okemos

Okemos Two-Building Portfolio Opportunity

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